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US Congress readying $1 bn in economic aid to Ukraine

Senate Majority Leader Harry Reid (R) gives a statement to the press on the Ukraine with Senator Dianne Feinstein (L) and Senator Carl Levin (C) on Capitol Hill in Washington on March 3, 2014US lawmakers said Monday they will introduce a “critical” economic support package to Ukraine authorizing $1 billion in loans to the nation in the grips of a geopolitical face-off with neighbor Russia. “I’m terribly concerned about what’s going on in Ukraine. I think Ukraine is in crisis and it needs some help,” Senate Majority Leader Harry Reid told reporters as he met with visiting Israeli Prime Minister Benjamin Netanyahu in the US Capitol. “I’m going to recommend that anything that we do should be in coordination with our allies,” he said, noting that President Barack Obama “said he wants to give some economic aid.

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