The U.S. is giving Ukraine a $1 billion loan package, offering technical support

Mark Wilson/Getty Images

The U.S. is giving Ukraine a $1 billion loan package, offering technical support
(Image credit: Mark Wilson/Getty Images)

In a show of support for Ukraine's fledgling new government, the U.S. announced today that it's giving Ukraine $1 billion in loans, and offering technical support. A senior State Department official said the package would be used to help counteract the reduction of energy subsidies from Russia. Part of the deal includes sending experts to Ukraine's financial ministry to offer advice on fighting corruption and training monitors for its upcoming elections.

The announcement came as U.S. Secretary of State John Kerry landed in Kiev on Tuesday to show support for the new government. Western leaders like Kerry are blasting Russia's military invasion of Crimea, and have threatened Moscow with harsh economic sanctions if it doesn't back down.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us