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US House readies Ukraine Bill, no IMF reforms

Published on Mar 26, 2014 2:22 AM
 

WASHINGTON (AFP) - A US House panel Tuesday approved aid to Ukraine and sanctions on Russia over its Crimea aggression, as pressure mounted on Senate Democrats to pass a compromise Bill without controversial IMF reforms attached.

The House of Representatives has already passed a Bill securing $1 billion (S$1.26 billion) in loan guarantees offered by President Barack Obama's administration after violent anti-government protests in Kiev forced Ukraine's pro-Russian president Viktor Yanukovych to flee.

After Moscow took over Ukraine's Crimean peninsula and annexed it, the White House responded by imposing sanctions on Russian officials and politically connected businessmen.

The House Bill would expand those sanctions, enhance security cooperation with Ukraine and call for the recovery of Ukrainian assets seized through corruption.

 
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