(MENAFN) The US signed its second USD1 billion loan guarantee deal for Ukraine aimed at helping the crisis-wracked country surmount a Russia-backed insurgency, The Peninsula Qatar reported.
The US loan guarantee agreement is part of a USD7.5 billion package of support for Ukraine over the coming year from its bilateral and multilateral partners, the Ukrainian finance ministry said.
The loan announcement came as Ukraine is in difficult negotiations with private creditors to restructure USD15 billion in debt, a key step of its USD40 billion international bailout.
"On behalf of my government and the people of Ukraine, I want to offer our sincere thanks to the US for their continued and unwavering support," said Finance Minister.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.