: :inin Kyiv (EET)

Section: US & Canada

    IMF approves $17.5Bn credit program for Ukraine
    Mar12

    IMF approves $17.5Bn credit program for Ukraine

    KIEV, Ukraine (AP) — Ukraine’s finance minister says the country is expecting to receive $5 billion in credit from the International Monetary Fund in the coming days— the first in a sought-for series of bailout loans the government hopes will keep Ukraine from an economic meltdown.read more …read more Source: CNS...

    US Warns of Growing Gap in NATO Defense Spending
    Mar12

    US Warns of Growing Gap in NATO Defense Spending

    Top U.S. officials are warning of the dangers of a growing gap between defense spending by the U.S. compared to Europe at a time of heightened tensions with Russia over Ukraine. The warnings come as U.S. tanks and warships are being deployed in Europe as part of ongoing NATO training operations. Henry Ridgwell reports from London on NATO’s...

    US blacklists Ukraine separatists, Crimea bank
    Mar12

    US blacklists Ukraine separatists, Crimea bank

    The United States stepped up pressure on Ukraine separatists Wednesday, announcing economic sanctions on rebel leaders and their alleged Russian supporters, and on the largest bank in Crimea. Video provided by AFP …read more Source: USA...

    News of the day from across the globe, March 12
    Mar12

    News of the day from across the globe, March 12

    The U.S. will expand its military aid package to Ukraine to include Humvees and small aerial drones, but is still declining to send weapons that have long been requested by Ukrainian officials as their military tangles with separatists with Russian backing and arms. The new aid package includes about 30 armored Humvees, 200 other Humvees, radios...

    Bayern rout Shakhtar to advance to quarter-finals
    Mar12

    Bayern rout Shakhtar to advance to quarter-finals

    Munich (Germany) (AFP) – Bayern Munich qualified for the Champions League quarter-finals with a 7-0 rout of 10-man Shakhtar Donetsk on Wednesday.After playing out a drab goalless draw in the first leg in Ukraine, Bayern made no such mistake against a Shakhtar side reduced to 10 men in just the third minute.Shaktar’s horrendous start...

    Will New U.S. Aid and an IMF Bailout Be Enough to Save Ukraine?
    Mar12

    Will New U.S. Aid and an IMF Bailout Be Enough to Save Ukraine?

    Ukraine got a desperate $17.5 billion shot in the arm Wednesday from the International Monetary Fund. But the biggest threat to the country’s economy — fighting with Russian-backed separatists in eastern Ukraine — still looms large, and a new U.S. aid package falls short of what Ukrainian President Petro Poroshenko says he needs to defeat...

    IMF Aims for ‘Immediate’ Stabilization With Latest Ukraine Bailout Deal
    Mar12

    IMF Aims for ‘Immediate’ Stabilization With Latest Ukraine Bailout Deal

    The International Monetary Fund has agreed to pump $10 billion into Ukraine’s troubled economy over the next year, providing swift assistance for the country’s struggling finances as part of a larger four-year bailout. The IMF board on Wednesday approved an overall loan of $17.5 billion, with the bulk of the money heading out the door...

    NATO Begins Exercises In Black Sea, As Russia Says It Can Deploy Nuclear Weapons To Crimea
    Mar11

    NATO Begins Exercises In Black Sea, As Russia Says It Can Deploy Nuclear Weapons To Crimea

    NATO ships from six countries have commenced exercises off the coast of Bulgaria in the Black Sea, just over 300 miles (500 km) from Russian-held Crimea. The training, which started Tuesday and will last a little over two weeks, comes as a Russian officials say that they have the right to position nuclear weapons in the peninsula that was annexed...

    Obama approves $75 million in nonlethal aid to Ukraine
    Mar11

    Obama approves $75 million in nonlethal aid to Ukraine

    The United States will provide Ukrainian forces fighting Russia-backed separatists $75 million in nonlethal equipment, including small reconnaissance drones, radios and military ambulances, a senior administration official said. …read more Source: Los Angeles...

    US Warns Europe About Growing Gap in NATO Defense Spending
    Mar11

    US Warns Europe About Growing Gap in NATO Defense Spending

    Top U.S. officials are warning of the dangers of a growing gap between U.S. and European defense spending at a time of heightened tensions with Russia over Ukraine. The warnings come as U.S. tanks and warships are being deployed in Europe for ongoing NATO training operations. Rolling off the Liberty Promise cargo ship and onto Riga harbor, about...