“They [President Obama and Hollande] also discussed the situation in eastern Ukraine and the need to maintain sanctions against Russia in the absence of implementation of the Minsk agreements,” the White House statement read. “And they agreed upon the importance of providing additional financial support to the Ukrainian government. “
In January, the US Department of Treasury announced that it would give up to $2 billion in loan guarantees to the Government of Ukraine in 2015. During the first half of 2015, the US Treasury Department said that it would provide Ukraine with a $1 billion loan guarantee, and if Kiev made progress with its reform agenda, that an additional $1 billion loan guarantee would be provided later in the year.
The United States has provided Ukraine with some $340 million in assistance in 2014, in addition to the $1 billion sovereign loan guarantee provided in May 2014.
Amid the ongoing crisis in Ukraine, Kiev has found itself on the verge of a default and has tried to rescue its economy through international loans. During the spring of 2014, the International Monetary Fund promised Kiev a total of $17 billion in bailout loans, to be paid over the course of two years.
