While Kyiv, Mariupol, and Kherson are reduced to rubble and Putin’s soldiers commit unspeakable war crimes, the government of Ukraine has to pull millions of dollars each month to make regular payments to global financial institutions. For 2022, Ukraine owes the International Monetary Fund (IMF) roughly $2 billion in principal and interest payments.
The Biden administration and the Treasury Department can use the U.S.’ voice and vote in those global financial institutions to suspend the ongoing surcharges and payments demanded from Ukraine. Members of Congress, including Representatives Chuy García and Alexandria Ocasio-Cortez, are already pushing for it and have introduced the Ukraine Comprehensive Debt Payment Relief Act to ensure the White House and Treasury act quickly — and you can help.
If you support providing wartime debt assistance to Ukrainians, add your name here and tell Congress to pass the Ukraine Comprehensive Debt Payment Relief Act!