US may offer Ukraine sovereign loan guarantee of up to $1 billion for help son economy weather the menace of war against Russia, the White House announced on Monday.
A loan guarantee “is something that we are looking at as part of of the macroeconomic supplement support we explore for help Ukraine economy in this pressure resulting from Russia military buildup,” White House senior press deputy secretary Karine Jean-Pierre told reporters, according to Agence France-Presse (AFP).
Secretary of State Antony Blinken on Monday seemed confirm the offer.
“This offer (…) will strengthen Ukraine ability at ensure economic stability, growth and prosperity for son people in the face of The destabilization of Russia behavior”Blinken said in a statement, according to Reuters.
A strong partnership between Ukraine, the Monetary Fund international (IMF), others international financial organs, the G-7 group of rich countries and other bilateral donors would be also help in effort, he added.
Jean-Pierre did not give details of What steps it would take to approve American support, which if it goes forward would go far easier and probably cheaper for Ukraine government to borrow money.
Ukraine is one of the poorest countries in Europe and son corrupt gang economy suffered from heightened tensions over the possibility of a invasion by Russia, which sent over 100,000 troops encroaching from three directions.
US National Security Advisor Jake Sullivan briefed congressional leaders on Monday on the plan, according to a source close with the question.
On Sunday, Sullivan rehearsed the Biden administration view that Russia could attack Ukraine “from one day to another”.
In addition to economic and humanitarian assistance, the United States has provided Ukraine with 650 millions of dollars in military assistance over the past year.
On Monday, German Chancellor Olaf Scholz said on a visit to Kiev, he was “determined” to maintain aid to the country.
G-7 countries have also warned Moscow that they were ready to impose sanctions that would have a huge and immediate impact on Russia economy, should he goes further military aggression against Ukraine.
Canada will also offer a loan of up at 500 millions Canadian dollars (393 millions dollars) for support Ukraine and also said it would provide 7.8 millions Canadian dollars worth of mortal equipment and ammunition.
“The goal of this support of Canada and our other partners is to dissuade Russia from pursuing son aggression against Ukraine,” Prime Minister Justin Trudeau told reporters. on Monday.