U.S. to offer $1 billion in loan guarantees to Ukraine, officials say
March 4th, 2014
09:49 AM ET

U.S. to offer $1 billion in loan guarantees to Ukraine, officials say

The United States will provide Ukraine $1 billion in loan guarantees to help insulate the Ukrainian economy from the effects of reduced energy subsidies from Russia, senior Obama administration officials said.

The loan guarantees will help Ukraine move forward with an assistance package from the International Monetary Fund, which is calling for the country to raise energy prices.

U.S. Secretary of State John Kerry, who landed Tuesday in Kiev to show American support for the fledgling Ukrainian government, will announce this diplomatic move and others in Ukraine. FULL POST