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White House: Biden tells Ukraine US ready to OK loan guarantee

By REUTERS

MAY 13, 2016 23:47

WASHINGTON- US Vice President Biden told Ukrainian President Petro Poroshenko in a call on Friday that the United States is prepared to move forward with a third loan guarantee agreement to support reforms, the White House said.

The third $1 billion loan guarantee was promised in November, but was contingent on progress on fighting corruption and on reforms. Biden also welcomed the appointment of a new prosecutor general in Ukraine as "an important first step to bringing much needed reform," to the prosecutor general office.

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