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Biden to Give Ukraine $1b

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The United States plans to offer $1 billion in credit guarantees to Ukraine, the White House national security advisor told members of Congress on Monday, according to a source familiar with the call.

Ukraine is one of the poorest countries in Europe and its corruption-plagued economy has suffered from heightened tensions over the possibility of an invasion by Russia.

US National Security Advisor Jake Sullivan told several congressional leaders on a call that President Joe Biden’s administration would offer Kyiv sovereign loan guarantees amounting to $1 billion, the source said.

On Sunday, Sullivan repeated the Biden administration’s view that Russia could attack Ukraine “any day now.”

In addition to economic and humanitarian aid, the United States has provided Ukraine with $650 million in security assistance over the past year.

On Monday, German Chancellor Olaf Scholz said on a visit to Kyiv he was “determined” to maintain aid to the country.

G7 countries have also warned Moscow they are ready to impose sanctions that would have a huge and immediate impact on Russia’s economy, should it pursue any further military aggression against Ukraine.

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.