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The US is considering offering Ukraine up to $ 1 billion in government loan guarantees

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The United States plans to offer up to $ 1 billion in government loans to Ukraine, the White House national security adviser told members of Congress today, according to a source familiar with the matter.

The Ukrainian economy, under endemic corruption and one of the poorest in Europe, is suffering from escalating tensions from a possible Russian invasion.

Speaking by telephone with several senior congressional officials, Joe Biden’s security adviser, Jake Sullivan, said Washington would offer loans of up to $ 1 billion in loans to Ukraine. in Reuters.

Sullivan reiterated last Sunday that the Russians could attack Ukraine as early as this week.

In addition to financial and humanitarian aid, the United States already provided $ 650 million in security assistance to Kiev last year.

Germany has also pledged to continue “resolutely” providing financial assistance to Ukraine.

At the same time, G7 member states are stepping up threats of economic sanctions “with enormous consequences” for Russia.

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