Fog/Mist
12°FFog/MistFull Forecast

U.S. eyes $1 billion in Ukraine loan guarantees

Published: Wednesday, Feb. 26, 2014 3:27 p.m. CST

WASHINGTON (AP) — Secretary of State John Kerry says the United States is planning to provide Ukraine with $1 billion in loan guarantees and will consider additional direct assistance to the former Soviet republic.

Speaking to reporters at the State Department on Wednesday, Kerry said it was "urgent to move forward" in assisting Ukraine following the ouster of its Russian-backed president. But he said it was also urgent for Ukraine's interim authorities to enact reforms, curb corruption, and prepare free and fair elections.

The U.S. aid would be part of a planned massive international assistance package that was expected to include European contributions as well as loans from global financial institutions.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Daily Chronicle.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Watch Now

Player embeded on all DDC instances for analytics purposes.

Nov. 24 Rod Carey press conference

More videos »

Reader Poll

What's the longest document you've written?
Less than 1,000 words
1,000 to 5,000 words
5,000 to 10,000 words
10,000 to 50,000 words
More than 50,000 words