Obama: We will "do everything we can to support Ukraine"
Thursday, March 27, 2014 - 01:46
March 27 - U.S. President Barack Obama told a news conference in Italy that ''We are going to do everything we can to support Ukraine.'' Rough Cut (no reporter narration).
▲ Hide Transcript
▶ View Transcript
ROUGH CUT (NO REPORTER NARRATION)
STORY: U.S. President Barack Obama told a news conference in Italy that "We are going to do everything we can to support Ukraine."
Obama, standing alongside with Italian Prime Minister Matteo Renzi also said he did not want to promise more to Ukraine than could be delivered.
On Thursday, The International Monetary Fund, approved a new aid package for Ukraine, and said it does not see a need to restructure the country's debt at this time.
The IMF's two most recent programs with Ukraine went off track because of the previous governments' failure to follow through with politically difficult measures such as raising gas prices, which the IMF said was necessary to put the government's finances in order.
But Kiev on Wednesday said it would raise the price of energy for domestic consumers by more than 50 percent from May 1, seen as a gesture to secure the IMF package. The country's prime minister has said his government was on a "kamikaze" mission to take painful decisions.
The IMF on Thursday said it would lend Kiev $14 to $18 billion over two years to help the heavily indebted ex-Soviet republic stabilize its economy.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code