President Joe Biden’s administration is offering Ukraine a sovereign loan guarantee of up to $1 billion to help the country’s economy as it faces the continued threat of a Russian invasion. Secretary of State Antony Blinken announced the loan offer on Feb. 14. saying that it served to help the former Soviet nation with its economy by supporting it to “implement a bold economic reform agenda underpinned by ambitious cooperation with the International Monetary Fund (IMF).” Blinken said the offer, combined with the strong partnership between Ukraine, the IMF, other international financial institutions, as well as the G7, would “bolster Ukraine’s ability to ensure economic stability, growth, and prosperity for its people in the face of Russia’s destabilizing behavior.” “This action builds on the support the United States, our allies, and partners, including the G7 and international financial institutions, have provided Ukraine to help protect its economy amid Russian pressure in recent years,” Blinken said. Ukraine has …
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