U.S. Strategy For Ukraine Crisis: Money Talks -- Elise Labott and Tom Cohen, CNN
Kiev, Ukraine (CNN) -- President Barack Obama's strategy for the Ukraine crisis reflects his internationalist foreign policy while adhering to the age-old maxim that money talks.
He sent Secretary of State John Kerry to Kiev on Tuesday to forcefully condemn Russia for seizing effective military control of the Crimea region.
At the same time, Kerry announced $1 billion in loan guarantees to help insulate the Ukrainian economy from the effects of reduced energy subsidies from Russia.
It all is part of the still simmering breakup of the old Soviet Union more than two decades ago, with Russian President Vladimir Putin seeking to maintain Russia's influence and economic ties in a region being wooed by the European Union and Washington for increased trade and other links.
Read more ....
Update: Why Is the US Sending $1 Billion to Ukraine? -- ABC News
My Comment: $1 billion is not going to make a difference in Ukraine .... unless this is the first (of many) financial contributions. And on this point .... my gut is telling me that this $1 billion dollar U.S. loan guarantee is just going to be one of many.
Sighhh .... what a waste of good money. From my perspective .... with the U.S. debt situation being what it is .... my advice to my friends in America is simple .... clean-up your financial house first before you start running around and trying to solve other people's/country's financial problems.
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