Congress Quietly Slips Ukraine Debt Relief into 4,400 Page National Defense Authorization Act


Posted originally on the CTH on December 9, 2022 | Sundance 

When it comes to congress and the graft that is Ukraine, nothing should come as a surprise.  Last month, the Biden administration asked Congress for another $37.7 billion in support for Ukraine. If that passes, and it certainly will, Congress will have approved more than $100 billion in Ukraine-related spending.

To wit, yesterday congress slipped Ukraine Debt Payment Relief, into the 4,400 page National Defense Authorization Act (NDAA) which will make the Senate happy as the intent of the upper chamber is to continue the laundry operation.

(Via Fox News) – The National Defense Authorization Act (NDAA) for fiscal year 2023 passed the House Thursday afternoon in a 350-80 vote. Included in that 4,400-page bill is a section on “Ukraine Debt Payment Relief.”

That section says the U.S. treasury secretary will instruct U.S. representatives of international financial institutions to “use the voice, vote, and influence of the United States to advocate that the respective institution immediately provide appropriate debt service relief to Ukraine.”

It instructs Treasury to commence “immediate efforts” with other governments and commercial creditors to “pursue comprehensive debt payment relief for Ukraine.”

The language talks only about debt payment relief, and not forgiveness of the assistance given to Ukraine this year to defend itself from to Russia’s invasion. (read more)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.