US offers Ukraine up to $1 b in loan guarantees to support economy

15 February 2022, 04:06 PM

The United States is considering providing Ukraine with up to $1 billion in sovereign loan guarantees to help Ukraine's economy amid pressure from a Russian military buildup on its border, NV Business has learned from Ukrainian government sources.

Earlier, on Feb. 14, a senior Biden administration official confirmed the same information to international news agency Reuters.

A White House spokesman confirmed what a source familiar with the matter had previously told Reuters about National Security Adviser Jake Sullivan's conversation with Congress leaders.

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"Yes it’s something we are considering as part of the additional macroeconomic support we are exploring to help Ukraine’s economy amidst pressure resulting from Russia’s military build up," a Biden administration official said.

On Feb. 11, U.S. media outlet Politico reported that U.S. President Joe Biden has briefed Washington’s NATO and EU allies on Moscow’s plans to invade Ukraine on Feb. 16. The same date for the likely invasion, according to German newspaper Der Spiegel, was announced by the CIA and the U.S. military to the German government and other NATO countries.

Bloomberg, citing sources among U.S. officials, reported that a fresh wave of Russian aggression against Ukraine could begin on Feb. 15. In response, the Kremlin accused the Western media of a "large-scale disinformation campaign."

Earlier, President Volodymyr Zelensky said that there is too much information on the media scene about the Russian invasion of Ukraine. Heurged people not to panic and assured that "everything was under control,” naming Feb. 16 a “day of unity” for the Ukrainian people.

Currently, there are approximately 140,000 Russian troops surrounding Ukraine, from Russia, Belarus, and the temporarily occupied territories.

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