Ukraine crisis: PM gets US support and pushback on aid package
Published on Mar 14, 2014 3:49 AM
WASHINGTON (AFP) - Ukraine's interim Prime Minister Arseniy Yatsenyuk met top US lawmakers and administration officials Thursday to galvanize support for a billion-dollar aid package that is facing headwinds in some quarters of Congress.
Having secured President Barack Obama's backing a day earlier at the White House, Yatsenyuk met with Treasury Secretary Jacob Lew to discuss the US$1 billion (S$1.26 billion) in loan guarantees for Ukraine that are widely supported in Congress, as well as IMF reforms seen as a controversial part of the aid package.
The reforms were agreed to in 2010, but the United States - the largest stakeholder in the IMF - has so far refused to approve them, essentially blocking them from taking effect.
Yatsenyuk and Lew "agreed that securing passage of IMF quota legislation is needed to maximize the international community's support to Ukraine," Lew's office said in a statement.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here