Ukraine’s Poroshenko says U.S. promises $1 bln in financial guarantees

Ukrainian President Petro Poroshenko said in a tweet on Friday that the United States had promised $1 billion in financial guarantees for Kiev to raise funds on the capitalmarkets.

“Agreed with @BarackObama that Ukraine will receive $1 billion in financial guarantees,” he said after visiting Washington where he secured $53 million in assistance but failed to win the argument for the United States to provide Ukraine weapons to fight pro-Russian separatists in its east.

In the first half of this year, Ukraine borrowed $1 billion on capital markets under a similar U.S. Guarantee.

Ukraine President Petro Poroshenko secured $53 million in assistance from the United States on Thursday but President Barack Obama turned down his appeals for weapons to fight Russian-backed separatists.

Poroshenko used a speech to members of the U.S. Senate and House of Representatives to appeal for lethal aid.

“Please understand me correctly. Blankets, night-vision goggles are also important. But one cannot win the war with blankets.” He added: “Even more, we cannot keep the peace with a blanket.”

NATO, wary of being drawn into a proxy conflict with Russia in the east European state, has decided against sending arms to Ukraine, which has frequently been outgunned by Russian-supported separatists in the eastern border areas.

At the White House, Poroshenko told reporters after his talks with Obama that he was satisfied with the level of cooperation.

“I asked the president to increase the cooperation in security and defense sector, and I received a positive answer,” he said., following Reuters

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