United States offers Ukraine a loan guarantee of up to $1 bln

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The United States is offering Ukraine a sovereign loan guarantee of up to $1 billion to help its economy amid pressure from Russia’s military buildup, Secretary of State Antony Blinken said on Monday.

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“This offer ...will bolster Ukraine’s ability to ensure economic stability, growth, and prosperity for its people in the face of Russia’s destabilizing behavior,” Blinken said in a statement.

A strong partnership between Ukraine, the IMF, other international financial bodies, the G7 grouping of wealthy nations and other bilateral donors would also help in the effort, he added.

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