We are talking about the immediate suspension of debt service payments of Ukraine and the provision of financial assistance to Kyiv on favorable terms.
The US House of Representatives on Wednesday passed several bills related to the situation in Ukraine. The Hill reported this on May 11th.
Thus, one of the bills is aimed at comprehensively easing the debt burden of Ukraine. 352 congressmen voted for him, 56 more voted against – all Republicans.
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The document instructs the US Secretary of the Treasury to demand from US representatives to international financial organizations, including the IMF and World Bank, the immediate suspension of Ukraine’s debt service payments and the provision of financial assistance. in Kyiv on favorable terms. It also mandates secretaries of state and treasuries to assist in providing comprehensive debt relief for Ukraine to other governmental and commercial creditor groups.
The second bill seeks to ask the U.S. executive branch to seek “as far as possible” the exclusion of Russian officials from participation in G20 meetings, conferences and other events, the Basel Committee on Banking said. Supervision, the Financial Stability Board, the Supervisors of the International Insurance Association and the International Organization of Securities Commissions.
416 congressmen voted for this project, two – against.
The third bill deals with the need for U.S. financial institutions to comply with U.S. sanctions against the Russian Federation and Belarus. It was approved by 418 votes.
According to the Congressional database, all three documents must now go to the Senate for consideration.
Earlier, the IMF predicted a sharp increase in Ukraine’s public debt due to a sharp increase in the budget deficit and falling GDP. This number will remain at a high level over the next five years.
It was also reported that Ukraine is entering the peak period of debt repayment. In April-June, 167 billion hryvnias of debts had to be repaid.
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Source: korrespondent
