US to guarantee $1 bn loan for Ukraine, warns Moscow

Tens of thousands gather in Kiev's Independence square to hear the line-up of the new pro-Western cabinet on February 26, 2014The United States on Wednesday warned Russia against any military intervention in Ukraine as it revealed it was drawing up an economic aid package including $1 billion in loan guarantees. But US Secretary of State John Kerry also insisted Washington was not looking for a confrontation with Moscow amid the political upheaval in the former Soviet satellite. He insisted the top priority for the interim Ukraine leadership that has taken over after the ouster of president Viktor Yanukovych was forming a new inclusive government, as he revealed that the United States was “formulating initially a $1 billion loan guarantee with some other pieces” in aid.

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