US Authorizes $1Bn To Ukraine In Loan Guarantees – 11 May 2014

RT logoWashington granted Kiev authorities $1 billion in loan guarantees, which came into force on Friday. The loan comes amid Kiev’s punitive military operation on eastern Ukraine, so far resulting in dozens killed and injured among the civilian population.

The warranties and conditions of the $1 bn loan guarantees, that the US is giving acting through its Agency for International Development (USAID), are to be issued on Monday, according to the US Federal Register.

The loan guarantees will be in accord with the agreement between the US and Ukraine made on April 14. The loan will apply to sums borrowed from Friday and thirty days after, not exceeding the total of $1 billion in principal amount and is to be repaid by Ukraine with interest.

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