US Pledges $1 Billion in Aid to Ukraine

Tuesday, 04 Mar 2014 12:53 PM

By Drew MacKenzie

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Obama administration has pledged $1 billion in loan guarantees to Ukraine as Secretary of State John Kerry arrived in the strife-torn country, the Wall Street Journal reported.

The financial assistance was seen as an attempt by the United States to show solidarity with Ukraine, which has had its Crimea region invaded by Russian forces following the overthrow last month of pro-Russian President Viktor Yanukovych.

Treasury Secretary Jacob Lew said, "The United States is prepared to work with its bilateral and multilateral partners to provide as much support as Ukraine needs to restore financial stability and return to economic growth if the new government implements the necessary reforms."

The money was expected to shore up the country’s troubled economy and to help Ukraine finance purchases of energy imports while the former Soviet republic seeks a larger bailout from the International Monetary Fund.

A senior administration official with Kerry told the Journal, "You're seeing already a response from the United States that is isolating Russia politically and diplomatically and offering strong support for the new Ukrainian government."

American technical experts will be sent to Ukraine to help sort out the country's growing financial and energy problems, sources said. U.S. advisers will also help Kiev uncover assets believed to have been stolen by Yanukovych's government.

The Journal also reported that experts will also be sent to help Ukraine prepare for its May 25 general elections.

Related Stories:


.




© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Prosecutor: White House Intruder Had 800 Rounds of Ammunition in Car

Monday, 22 Sep 2014 15:39 PM

The decorated Iraq war veteran who scaled a fence on Friday night and got into the White House had over 800 rounds of am . . .

Cartel Threats Force Cancellation of Border Protest Convoy

Monday, 22 Sep 2014 15:18 PM

A planned protest to block entry by illegal migrants along the Southwest border has been cancelled because protest organ . . .

White House: Radicalized Americans Investigated After Returning to US

Monday, 22 Sep 2014 14:56 PM

The FBI is conducting an active investigation into some of the 100 Americans who went to the Middle East to join up with . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved