BRUSSELS—The United States on Tuesday reinforced Western assistance for war-torn Ukraine by promising up to $2 billion in loan guarantees if that effort is matched by economic and political reforms in Kiev.
The U.S. State Department said it intends to provide $1 billion in loan guarantees in the first half of 2015 and an additional $1 billion in the second half, if progress continues.
The commitment to help stave off a financial crisis comes a week after the European Union made a similar pledge of 1.8 billion euros ($2.1 billion) to strengthen the struggling nation’s resilience.
EU President Donald Tusk said Tuesday that …read more
Source: The Epoch Times
