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House Approves Funds for Ukraine House Approves Funds for Ukraine
(5 months later)
WASHINGTON — The House of Representatives passed legislation on Tuesday that provides a $1 billion loan guarantee for Ukraine and imposes new sanctions on Russia for its annexation of Crimea. WASHINGTON — The House of Representatives passed legislation on Tuesday that provides a $1 billion loan guarantee for Ukraine and imposes new sanctions on Russia for its annexation of Crimea.
The measure, which passed in a 378-to-34 vote, now goes to President Obama, who said he would sign it. The Senate passed the bill last week in a similarly lopsided manner, 98 to 2.The measure, which passed in a 378-to-34 vote, now goes to President Obama, who said he would sign it. The Senate passed the bill last week in a similarly lopsided manner, 98 to 2.
In addition to the loan guarantee, the bill authorizes $50 million to support fair elections, fight corruption and enhance civil society in Ukraine. It also directs Mr. Obama to provide up to $100 million in security assistance for the new government in Ukraine and for other Central and Eastern European nations. The economic sanctions against top Russian officials and associates of President Vladimir V. Putin will also be intensified.In addition to the loan guarantee, the bill authorizes $50 million to support fair elections, fight corruption and enhance civil society in Ukraine. It also directs Mr. Obama to provide up to $100 million in security assistance for the new government in Ukraine and for other Central and Eastern European nations. The economic sanctions against top Russian officials and associates of President Vladimir V. Putin will also be intensified.
Senator Bob Corker, Republican of Tennessee, one of the bill’s authors, said in a statement that the United States “must demonstrate long-term resolve to deter any further Russian intervention in Ukraine and the region.”Senator Bob Corker, Republican of Tennessee, one of the bill’s authors, said in a statement that the United States “must demonstrate long-term resolve to deter any further Russian intervention in Ukraine and the region.”
The United States must be ready, he said, to impose “additional economic sanctions that will exact real costs for Putin’s actions in Crimea.”The United States must be ready, he said, to impose “additional economic sanctions that will exact real costs for Putin’s actions in Crimea.”