U.S. provides more aid to Ukraine, threatens to step up sanctions on Russia

January 28, 2015 10:06 AM

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U.S. provides more aid to Ukraine, threatens to step up sanctions on Russia

KIEV (Reuters) - The United States signed an agreement on Wednesday to provide $2 billion in loan guarantees to help war-torn Ukraine with "near-term social spending" in 2015 and said it was prepared to step up economic sanctions against Russia if necessary.

After signing the deal with Ukrainian Finance Minister Natalia Yaresko, U.S. Treasury Secretary Jack Lew criticised what he called "Russian aggression", a reference to Moscow's support for separatists battling Kiev's forces in eastern Ukraine which has triggered the Western sanctions on Moscow.

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