U.S. Steps Up Ukrainian Loan Aid as Civilians Killed in East
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The U.S. pledged as much as $2 billion in loan guarantees to Ukraine as the former Soviet republic tries to avoid default amid an insurgency in its easternmost regions.
The U.S. plans to give a $1 billion loan guarantee in the first half, as long as its government keeps up with demands made by the International Monetary Fund, and may provide another $1 billion guarantee in late 2015, the Treasury Department said today in an e-mailed statement. As a monthlong truce in eastern Ukraine stutters, 10 civilians died when a shell hit their bus.