he
United States remains steadfast in its support of the Ukrainian people
as they defend their sovereignty and territorial integrity, advance the
fight against corruption,
implement democratic and constitutional reforms, strengthen the rule of
law, restore economic stability and growth, and respond to humanitarian
needs.
In
pursuit of these objectives, Vice President Joe Biden announced today
in Kyiv, Ukraine, that, pending consultation with Congress, the White
House plans to commit approximately
$190 million in new assistance to support Ukraine’s ambitious reform agenda. This broad assistance package will help Ukraine:
Elevate the fight against corruption through law enforcement and justice sector
reform;
Attract investment by streamlining regulations and transparently privatizing
state-owned enterprises;
Promote economic growth through better trade capacity and access to capital for
small- and medium-size enterprises;
Strengthen energy security by increasing efficiency, transparency, and resilience
in the energy sector; and
Build a long-term democratic foundation through Constitutional and good-governance
reforms in key sectors.
These
funds also will support the critical role of civil society and
independent media, as well as the OSCE Special Monitoring Mission as it
monitors and verifies agreements
in the conflict areas of eastern Ukraine.
With
this announcement, the United States now has committed $2 billion in
loan guarantees and nearly $760 million in security, programmatic, and
technical assistance to Ukraine
since the end of the Yanukovych regime in 2014. The proceeds of U.S.
loan guarantees have helped Ukraine to stabilize its economy and protect
the most vulnerable households from the impact of needed economic
adjustments.
The
Administration will continue to work with Congress and its
international partners to support Ukraine as it defends its sovereignty,
stabilizes its economy, and advances
its reform agenda.
Source: The White House, Office of the Vice President
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