Overview

• The Biden administration has canceled $4.7 billion in loans to Ukraine as outlined in a funding bill passed by Congress in April.
• The forgivable loans were part of a $61 billion U.S. aid package to support Ukraine's defense against Russia's invasion.
• Republican lawmakers, including Sen. Rand Paul and Rep. Thomas Massie, have introduced resolutions to block the debt forgiveness, citing concerns over taxpayer burden.
• The Senate is expected to vote on a disapproval motion, though bipartisan support for Ukraine aid remains strong.
• President Biden has prioritized expedited aid to Ukraine before leaving office, while concerns grow over potential policy shifts under President-elect Donald Trump.