U.S. offering Ukraine loan guarantee of up to $1B - Blinken

U.S. Secretary of State Antony Blinken has said the United States is offering Ukraine a sovereign loan guarantee of $1 billion loan to help Ukraine's economy.

That's according to Reuters, Ukrinform reports.

"This offer [ ...] will bolster Ukraine's ability to ensure economic stability, growth, and prosperity for its people in the face of Russia's destabilizing behavior," Blinken said.

He added that a strong partnership between Ukraine, the IMF, other international financial bodies, the G7 grouping of wealthy nations and other bilateral donors would also help in the effort.

The Pentagon stated earlier that Russia had increased its military presence near Ukraine over the past few days.

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