The House approved a $1B loan guarantee package for Ukraine

The House approved a $1B loan guarantee package for Ukraine

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The loan guarantee package is part of the U.S. effort to support the new government as Russia continues to occupy the Crimean Peninsula. The measure was approved on a 385-23 vote, and is going to the Senate next. Of course the “no” votes came from conservative Republicans.

As FOXNEWS reported, the White House said the $1 billion loan guarantee is aimed at helping insulate Ukraine from reductions in energy subsidies. Russia provides a substantial portion of Ukraine’s natural gas and U.S. officials said they are prepared to work with Kiev to reduce its dependence on those imports.

By: ~Rebel Rebellion III%

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Source: http://www.foxnews.com/politics/2014/03/06/house-approves-1b-loan-guarantee-package-for-ukraine/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxnews%2Fpolitics+%28Internal+-+Politics+-+Text%29 and The Associated Press 

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