: One billion-dollar deal for Ukraine

11:16 Apr. 15, 2016

One billion-dollar deal for Ukraine

Vice President Joe Biden speaks at an event Thursday, April 7, 2016, in Las Vegas (AP Photo)

Washington promises to help Kyiv implement reforms and protect itself against Moscow's aggression 

The United States and Ukraine are planning to sign a deal regarding USD one billion dollars guarantee loan.

The money is aimed at helping Kyiv implement economic and political reforms as well as defend Ukraine against Russian military aggression.

Read also U.S. pledges Ukraine additional USD 335 million in security aid

According to the Ukrainian President Petro Poroshenko's press service he reached this agreement during a phone conversation with the U.S. Vice President Joe Biden on April 14.

"Joe Biden greeted the newly-elected government and the Prime Minister. Vice President assures, the United States will continue to support Ukraine in future and provide financial aid. In particular, the third USD one billion guarantee loan is expected to come soon", said in the statement.

The officials also discussed the situation in eastern Ukraine. Biden condemned the recent escalation in the Donbas warzone. He called on the Kremlin to adhere to the Minsk agreements and immediately release Nadiya Savchenko, the Ukrainian pilot unjustly imprisoned in Russia.

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