The United States will provide Ukraine with loan guarantees up to $1 billion

Posted 15 February, 2022

This amount will go to support economic reforms in the country, said Secretary of State Anthony Blinken. From 2014 to 2016, Washington provided Kiev with three loan guarantees in the amount of $1 billion, he recalled.

The US government has offered up to $1 billion in loan guarantees to Ukraine, Secretary of State Anthony Blinken said in a statement posted on the State Department website.

These funds will be used to support economic reforms in the country, which will "strengthen Ukraine's ability to ensure economic stability, growth, and prosperity of the people in the face of Russia's destabilizing actions," he said.

Blinken recalled that "in the face of Russian pressure" from 2014 to 2016, Washington provided Kiev with three loan guarantees in the amount of $1 billion, and since 2014, assistance in the amount of more than $2 billion.

In addition, the US Export-Import Bank intends to provide up to $3 billion to facilitate the purchase of US goods and services for projects in Ukraine, the secretary added.

The EU will also provide macro-financial assistance to Ukraine in the amount of €1.2 billion.

Last December, US President Joe Biden signed a defense budget that included $300 million in military aid to Ukraine, and in January, CNN reported that the Biden administration had secretly allocated $200 million to Kiev. In February, Kiev announced the receipt of another batch of US military assistance in the amount of 130 tons, including Javelin anti-tank systems.

 

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