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US signs $1 bn loan guarantee for Ukraine

Armed men in military fatigues stand guard outside a regional administration building they seized in the eastern Ukrainian city of Slavyansk on April 14, 2014The United States on Monday signed a $1 billion loan guarantee for Ukraine, part of an aid package to support the country’s economic recovery after weeks of political upheaval and the loss of Crimea to Russia. “The Ukrainian people have demonstrated tremendous courage as they have charted an independent course for their country and demanded a government that truly reflects the will of the people,” US Treasury Secretary Jacob Lew said in a statement. “The United States has been at the forefront of building international support for Ukraine, and holding Russia accountable for its violation of Ukrainian sovereignty and destabilizing action.” Lew announced the signing after meeting Ukrainian Finance Minister Oleksandr Shlapak in Washington.

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