Senate to vote on aid to Ukraine


The Senate is set to approve financial aid for Ukraine, including $1B in loan guarantees and $150M in direct assistance, and the chamber could authorize imposing further sanctions on Russia, although nothing too major.

The House could take final vote later today on measures that would deal with sanctions and signal a plan to raise natural-gas exports after already approving the $1B guarantees earlier this month.

The votes will come after Ukraine forged a two-year $27B agreement for international assistance.

Meanwhile, Russia's build-up on its eastern border with Ukraine totals over 30,000 people vs 20,000 last week, Reuters reports, citing U.S. and European security agencies. The forces include infantry and armored units and air support.

Russia has warned that capital outflows as a result of the crisis could hit $100B this year, which would cause GDP to slow to 0.6% vs a January forecast of 2.5%. Central-bank Governor Elvira Nabiullina said she is ready to support the country's banks with liquidity but doesn't yet see the need. Finance Minister Anton Siluanov has made similar noises about government backing.

Russia's Micex index is -1.15%, while the USD-RUB is +0.15% at 35.594.

More on Ukraine crisis.

ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, GUR, ESR, RUDR

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Comments (3)
  • DeepValueLover
    , contributor
    Comments (11172) | Send Message
     
    Hopefully soon the Senate will vote on aid for the American people (if they can find the time, that is).
    27 Mar 2014, 05:30 AM Reply Like
  • taxman100
    , contributor
    Comments (587) | Send Message
     
    30,000 "people"? Don't you mean 30,000 men? Russia's Armed Forces plays to win, and is not some sort of politically correct social engineering experiment.

     

    Looks like Ukraine has a new master - being a debt slave to the IMF and Western bankers.
    27 Mar 2014, 09:05 AM Reply Like
  • Sakelaris
    , contributor
    Comments (2602) | Send Message
     
    "American diplomacy is an open book--usually a checkbook."

     

    Will Rogers
    27 Mar 2014, 10:48 AM Reply Like
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