WASHINGTON (Reuters) – The US is providing Ukraine a sovereign mortgage assure of as much as $1 billion to assist its financial system amid strain from Russia’s navy buildup, Secretary of State Antony Blinken stated on Monday.
“This supply …will bolster Ukraine’s skill to make sure financial stability, development, and prosperity for its folks within the face of Russia’s destabilizing conduct,” Blinken stated in a press release.
A robust partnership between Ukraine, the IMF, different worldwide monetary our bodies, the G7 grouping of rich nations and different bilateral donors would additionally assist in the hassle, he added.
(Reporting by Eric Beech; Enhancing by Clarence Fernandez)
Supply: KFGO
