President Biden has submitted a proposal to Congress to forgive half of Ukraine's debt related to economic assistance, amounting to approximately $4.65 billion, said State Department spokesman Matthew Miller. In the spring, Congress approved the Additional Ukraine Supplemental Appropriations Act, which allocated about $61 billion for Ukraine's security in April 2024. The legislation specifies that economic aid - around $10 billion - was provided to Ukraine as a conditional loan, not a grant. However, the document submitted by Biden grants him the authority to forgive 50% of this loan. The document also notes that the remaining 50% could be forgiven by the next US president after January 1, 2026. "We have taken the step that was outlined in the law to cancel those loans," Miller said. He noted that after the White House informs Congress about this decision, lawmakers may pass a resolution of disapproval. However, in his opinion, this will not happen.