Biden Admin Provides $20 Billion Loan To Ukraine After House Blocked New Aid

The Biden administration announced earlier this week a loan of $20 billion to Ukraine, financed by proceeds from frozen Russian assets, just weeks before President-elect Donald Trump, who has talked about ending financial aid to the country as well as the fighting, takes office.

Reports said that the funding is part of a larger $50 billion G7 support package and arrives just over a month before President Joe Biden leaves the White House.

These loan funds come at a critical time for Kyiv, as President-elect Donald Trump has already expressed a desire for an immediate settlement between the two parties instead of continuing to fund what he describes as an endless war, Breitbart News reported.The Biden administration announced earlier this week a loan of $20 billion to Ukraine, financed by proceeds from frozen Russian assets, just weeks before President-elect Donald Trump, who has talked about ending financial aid to the country as well as the fighting, takes office.

Reports said that the funding is part of a larger $50 billion G7 support package and arrives just over a month before President Joe Biden leaves the White House.

These loan funds come at a critical time for Kyiv, as President-elect Donald Trump has already expressed a desire for an immediate settlement between the two parties instead of continuing to fund what he describes as an endless war, Breitbart News reported.

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