US signed a deal where it will guarantee a $1bn loan to Ukraine – Ron Paul says that’s money straight from taxpayers’ pockets.
The US has signed a $1 billion loan guarantee deal with Ukraine, and is prepared to consider giving additional loan guarantees of up to $1 billion at the end of 2015 if Ukraine continues implementing economic reforms and cooperating with the Congress.
A US-born Finance Minister Natalie Yaresko signed the agreement on behalf of Ukraine, while the US government was represented by US Ambassador Geoffrey R. Pyatt and USAID’s Ukraine director Jed Barton.
“If Ukraine continues to make concrete steps to implement economic reforms and will also meet certain conditions of cooperation with the Congress, we will consider the possibility of providing additional loan guarantees of up to $1 billion at the end of 2015,” Pyatt said in Kiev Monday after the signing ceremony.
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