Obama team announces $1 billion in aid to Ukraine

The Obama administration announced $1 billion in economic and energy aid to Ukraine on Tuesday, part of its emerging response to Russian military activity in Crimea.

President Obama, aides and allies are also considering a number of economic sanctions against Russia for its incursion into the Crimea region.

The administration announced the assistance package for Ukraine as Secretary of State John Kerry landed in Kiev early Tuesday for talks with the new government.

Treasury Secretary Jack Lew said the United States has been working with allies on a package to “help the Ukrainian government implement the reforms needed to restore financial stability and return to economic growth.”

Source: USA Today

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