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. Last Updated: 07/27/2016

U.S. Cash for Russia

WASHINGTON -- In hopes of stimulating private-sector investment in countries of the former Soviet Union, U.S. President Bill Clinton is seeking $925 million from the Congress, an increase over the current year's appropriation of $770 million.

The administration asked for $900 million for the current year but Congress cut the amount by $130 million.

Of the $925 million, the largest sum would be earmarked for Russia -- $225 million, almost $100 million more than the projections for the current year.