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.
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.
Create an account with the same email registered to your subscription to unlock access.
-
Mark Menzies: Tories investigate MP after 'bad people' cash claimsSpeed Read Fylde MP will sit as an independent while party looks into allegations he misused campaign funds on medical expenses and blackmail pay-out
-
Why Johnson won't just pass Ukraine aidSpeed Read The House Speaker could have sent $60 billion in military aid to Ukraine — but it would have split his caucus
-
Sudan on brink of collapse after a year of warSpeed Read 18 million people face famine as the country continues its bloody downward spiral
-
Trump's first criminal trial starts with jury picksSpeed Read The former president faces charges related to hush money payments made to adult film star Stormy Daniels
-
How will Israel respond to Iran's direct attack?Speed Read Iran’s weekend attack on Israel could escalate into a wider Middle East war
-
US, Israel brace for Iran retaliatory strikesSpeed Read An Iranian attack on Israel is believed to be imminent
-
Congress honors real-life Rosie the RivetersSpeed Read These American women reshaped the work force during World War II
-
Outgunned Ukraine could fall, US general warnsSpeed Read Without more US aid, Ukraine is at risk of losing the war
