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 U.S. might allocate another $1 billion of loan guarantee by the end of the year - Nuland

U.S. will consider possibility to allocate aid to Ukraine in the form of $1 billion of loan guarantee by the end of 2015.

This was announced by Victoria Nuland, the Assistant Secretary of State for European and Eurasian Affairs, Censor.NET reports citing Embassy of the United States in Ukraine.

"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 in her speech in the U.S. Congress.

Read more: Russia's actions in Ukraine conflict an 'invasion' - Nuland

She added that the United States and European allies and partners have stood with Ukraine - "supporting programs to keep homes warm, secure more of the border, protect citizens' rights and to meet urgent defensive, non-lethal needs 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; strengthen the Ukrainian border guard and military - $118 million in security support alone - and to support political reforms, elections and cleaner government," Nuland said.

As reported earlier, Nuland also confirmed 'thousands and thousands' of Russian soldiers on Ukraine's territory.

 
 
 
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