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US to extend loan guarantees to Ukraine to $2 billion

January 14, 2015, 8:14 UTC+3 WASHINGTON
In 2014, Ukraine already received a $1 billion loan guarantee and assistance worth some $340 million
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US Vice President Joseph Biden and Ukraine’s Prime Minister Arseniy Yatsenyuk

US Vice President Joseph Biden and Ukraine’s Prime Minister Arseniy Yatsenyuk

© Maxim Nikitin/TASS

WASHINGTON, January 14. /TASS/. US Vice President Joseph Biden and Ukraine’s Prime Minister Arseniy Yatsenyuk had a telephone conversation on Tuesday to discuss the situation in eastern Ukraine and additional US financial aid to Kiev.

According to the White House, Biden informed Yatsenyuk about the US administration’s decision to extend loan guarantees to a sum of $2 billion to the Ukrainian government in 2015.

Earlier, the US Department of the Treasury said the first loan guarantee to a sum of $1 billion could be granted in the first six months of 2015, and the second guarantee - by the yearend. The US Department of the Treasury said in a press release the first loan guarantee could be issued “provided Ukraine remains on-track with the reform program it has agreed with the International Monetary Fund (IMF).” The US administration will be willing to provide addition guarantee, “if Ukraine continues making concrete progress on its reform agenda and if conditions warrant.”

In 2014, Ukraine already received a $1 billion loan guarantee and assistance worth some $340 million. The US administration said the new loan guarantees would be “part of the international effort.”.

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