US offers $1 billion loan guarantee to Ukraine: Live News | Ukraine-Russia crisis

The United States is offering financial support to the struggling Ukrainian economy as diplomatic efforts to avert the crisis continue.

The United States has extended a $1 billion sovereign loan guarantee to Ukraine as the buildup of Russian troops on the country’s borders weighs on its economy.

The offer comes amid frantic diplomacy to try to avoid a conflict in Ukraine with German Chancellor Olaf Scholz expected in Moscow on Tuesday for talks with Russian President Vladimir Putin.

US Secretary of Defense Lloyd Austin is also due to travel to Belgium – where he will meet NATO allies – Lithuania and Poland, a day after Russian Foreign Minister Sergei Lavrov expressed hope for diplomacy after urging Putin to continue the talks.

Here are the latest updates.

Japanese Prime Minister Fumio Kishida will call Zelenskyy

Japanese media are reporting that Prime Minister Fumio Kishida will speak on the phone later with Ukrainian President Volodymyr Zelensky.

There has been no official confirmation of the call, which media said would take place in the evening Japanese time.

Kishida said Japan was “monitoring the situation with grave concern”.

US offers Ukraine $1 billion loan guarantee

The United States is offering Ukraine a sovereign loan guarantee of up to $1 billion to help its economy under pressure from Russia’s military buildup.

Secretary of State Antony Blinken said the offer “will strengthen Ukraine’s ability to deliver economic stability, growth, and prosperity to its people in the face of Russia’s destabilizing behavior.”

The United States issued three separate $1 billion sovereign loan guarantees to Ukraine between 2014 and 2016 million and has also provided more than $2 billion in development assistance to Ukraine since 2014.

Japan warns of sanctions if Russia attacks

Japan could impose sanctions on Russia if it invades Ukraine.

Foreign Minister Yoshimasa Hayashi told a regular press conference that while Japan “strongly seeks” a diplomatic resolution, it will take “appropriate measures, including possible sanctions, in response to what is happening.” really happened, and in coordination with the G7 and the international community”.

Hello and welcome to Al Jazeera’s continuing coverage of the Ukraine crisis.

You can read all the updates from Monday February 14 here

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