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Wednesday, 2 April 2014

BREAKING NEWS - US sanctions

US House votes in favor of Ukraine aid, Russia sanctions
The US House of Representatives voted strongly in favor of sending aid to Ukraine, supporting a $1 billion loan guarantee for Kiev, and imposing sanctions against Russia for its actions over Crimea.




1 April, 2014


The aid package was already passed by the US Senate and now only needs to be approved by US President Barack Obama.

The initiative was passed with 378 votes in favor, and supporters of the bill are expecting Obama to sign it into law.

Last week, the vast majority in the US Senate and House of Representatives voted for two bills - to provide Kiev with $1 billion in loan guarantees and to impose sanctions against some leading Russian officials.

As part of the package, the Senate authorized $50 million to help with democracy in Ukraine, governance, and civil society assistance, as well as $100 million for enhanced security cooperation by Ukraine with other states in Central and Eastern Europe.

Besides the financial help, the bill will give official status to sanctions against Russia issued by President Obama.

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