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Biden seeks to cancel over $4.5 billion in Ukraine's debt (kyivindependent.com)

submitted 11 hours ago* (last edited 11 hours ago) by LaFinlandia@sopuli.xyz to c/ukraine@sopuli.xyz

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[-] TachyonTele@lemm.ee 4 points 10 hours ago* (last edited 9 hours ago)

Geopolitically, what would a huge move like that do?

[-] PugJesus@lemmy.world 17 points 9 hours ago

It would make a lot of legislators considering their budgets for the coming year very happy, I would presume. Probably also a bunch of unintended side effects, possible weakening of the dollar, diplomatic uproar from states we didn't forgive the debts of, worsening situation of our own budget, etc.