Biden: Ukraine Can Get $1Bln US Aid Providing New Reform-Oriented Cabinet

© Sputnik / Mikhail Palinchak / Go to the mediabankVice President of the United States Joe Biden, left, and Ukrainian President Petro Poroshenko meet in Kiev
Vice President of the United States Joe Biden, left, and Ukrainian President Petro Poroshenko meet in Kiev - Sputnik International
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Ukraine forming a new reform-oriented cabinet and cooperating with the International Monetary Fund (IMF) opens door for more US aid, in the amount of $1 billion, US Vice President Joe Biden said as cited on the official website of Ukrainian President Petro Poroshenko.

MOSCOW (Sputnik) – Biden met with Poroshenko on Thursday, with the participation of US Secretary of State John Kerry, at the Nuclear Security Summit in Washington, DC.

"According to Joseph Biden, forming a new government oriented on reform and cooperation with the IMF, opens up the possibility for the release of the third tranche of loan guarantees in the amount of $1 billion, as well as aid from other international financial institutions," a Thursday statement on Poroshenko’s website says.

Biden Tells Poroshenko US Moving Forward on $335Mln Security Assistance

Vice President Joe Biden told Ukrainian President Petro Poroshenko that Washington was proceeding with its additional $335 million in security assistance to fund more advisors, training and non-lethal aid, the White House announced in a statement.

"The Vice President also informed President Poroshenko that the United States is moving forward with an additional $335 million in security assistance, which will fund additional advisors, training, and non-lethal assistance," the statement said on Thursday following their meeting.

Ukrainian President Petro Poroshenko waves at the Security Conference in Munich, Germany, (File) - Sputnik International
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Biden noted that Washington welcomed Poroshenko’s efforts to form a stable, reform-oriented government, but emphasized the enactment "of needed reforms" would be critical to unlocking international economic assistance such as the $1 billion in US loan guarantees.

The United States has provided Ukraine with two loan guarantees worth $2 billion and hundreds of millions in other assistance.

Meanwhile, the IMF has pledged a $17.5 billion bailout package for Ukraine in exchange for political reforms.

President Poroshenko also updated Biden about the coalition negotiations underway to establish a new Ukrainian government, one committed to a reform program that will include the IMF and EU requirements as well as the full implementation of its Minsk commitments.

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