Senate Majority Leader Harry Reid said he stands ready to act in response to Russian military intervention in the Crimea, and a bill with more than $1 billion in loan guarantees for Ukraine is already in the works.
“I am terribly concerned about what’s going on in the Ukraine,” the Nevada Democrat said in a photo op Monday with Israeli Prime Minister Benjamin Netanyahu.
“I think Ukraine is in crisis and needs some help,” Reid said. “What I am going to recommend is that anything we do should be in coordination with our allies. President Obama said he wants to give economic aid, I think that’s appropriate. I will be happy to help in any way.”
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Senate Foreign Relation Committee Chairman Robert Menendez, D-N.J., said he was working on a bipartisan package to provide aide to Ukraine.
“The Senate Foreign Relations Committee is developing a bipartisan legislative package to provide critical support to Ukraine, which is teetering on the brink of economic collapse following years of chronic government mismanagement and corruption,” Menendez said in a release. “This legislation will authorize funds to provide at least $1 billion in loan guarantees to provide structural support to Ukraine’s economy, as well as authorize technical assistance for energy reforms, support elections, strengthen civil society, combat corruption, and assist Ukraine in the recovery of stolen assets.”
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More:
http://blogs.rollcall.com/wgdb/reid-backs-ukraine-economic-aid-menendez-preparing-bill/
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