US Plans to Cut Debt to UN by $725 Million: Reuters

Washington is preparing to transfer $725 million to the United Nations budget, which will reduce the United States' obligations to the organization. This was reported by Reuters.

The State Department has informed Congress that the Donald Trump administration has initiated the process to transfer $725 million to the UN. According to the publication, this amount is less than 20% of the total debt exceeding $4 billion that the UN announced in May. The American side claims that the actual amount of the US debt is significantly smaller.

The article references expert assessments which indicate that further delays in payment could lead to restrictions on the voting rights of the US within the global organization.

The UN is facing a liquidity crisis as its largest donor, the US, has refused to make regular budget contributions and reduced voluntary funding to the organization’s agencies.