The U.S. leadership will consider providing an additional loan guarantee for Ukraine of up to $1 billion in late 2015, U.S. Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland said.
“Today we are working with Europe, the Ukrainians, and the IMF to strengthen the country’s economy and support implementing the government’s reform plan, including a new $1 billion U.S. loan guarantee. If Ukraine continues making concrete progress on its economic reform agenda and conditions warrant, the U.S. Administration will also be willing, working with Congress, to consider providing an additional loan guarantee of up to $1 billion in late 2015,” Nuland said during her speech in the U.S. Congress, which is available on the U.S. Embassy in Kyiv’s website.
She added that the U.S. and its European partners have stood beside Ukraine and supported its programs to heat homes, secure its borders, protect the rights of citizens and to meet the urgent defensive and non-lethal equipment requirements of the Ukrainian military and security forces.
“Since the crisis began, the United States provided almost $355 million in foreign assistance – in addition to the May 2014 $1 billion loan guarantee – to strengthen energy security, insulate Ukraine’s poorest citizens from the impact of rising gas costs, help fight corruption…,” she said.
