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US signs $1 bn loan guarantee for Ukraine

A market vendor sells fruit and vegetables in one of the most shelled places in Donetsk, Ukraine, on November 22, 2014The United States signed Monday its second $1 billion loan guarantee deal for Ukraine aimed at helping the crisis-wracked country surmount a Russia-backed insurgency and rebuild its tattered economy. The US loan guarantee agreement is part of a $7.5 billion package of support for Ukraine over the coming year from its bilateral and multilateral partners, the Ukrainian finance ministry said. “On behalf of my government and the people of Ukraine, I want to offer our sincere thanks to the United States for their continued and unwavering support. This loan guarantee is a cornerstone of that support and comes at a critical time for our country,” said Finance Minister Natalie Jaresko in a statement.

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