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U.S. Vice President Joe Biden promises Ukraine $ 2 billion by the end of the year

U.S. Vice President Joe Biden said the United States intended to provide Ukraine with the billion-dollar guarantees in the coming days and another billion - by the end of the year.

U.S. Vice President Joe Biden promises Ukraine $ 2 billion by the end of the year

U.S. Vice President Joe Biden announced the provision of a serious financial assistance to Ukraine. Today in Kyiv, the International Conference in Support of Ukraine started up. The main issues to be raised at the forum are the reform of the country's economy, donor support for the country, as well as the rehabilitation of the victims of the hostilities in the Donbas, Joinfo.ua reports.

The event is attended by about 270 members of the international community and businessmen. In his speech at the forum, President of Ukraine Petro Poroshenko said that Ukraine had a "huge investment potential in agribusiness, energy, IT-industry and aviation." Poroshenko urged investors not to exaggerate the risks of investments in the country.

In a video message on the occasion of the conference opening in Kyiv, U.S. Vice President Joseph Biden said that the U.S. government was going to send Ukraine the billion-dollar guarantees in the coming days and another billion – by the end of the year, if the Ukrainian government carried out the reformation of the economic system successfully. In a recent telephone conversation with President Petro Poroshenko, Biden said the United States would provide Ukraine with about 18 million dollars, aimed to provide shelter, food, water, and medicine to the residents of the Donbas areas affected by the fighting.

Chris Alexander, a member of the donor community in Canada, also promised to provide Ukraine with financial support to solve humanitarian problems in the Donbas. In addition, he supported the extension of the existing sanctions against Russia, and did not rule out the introduction of new restrictions.