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. Last Updated: 07/27/2016

U.S. Releases Kiev Aid




BEIJING -- U.S. Secretary of State Madeleine Albright on Wednesday cleared the way for Ukraine to receive nearly $100 million in suspended U.S. economic aid.


The move was based on a finding that Ukraine had made significant progress toward resolving disputes with American investors.


A handful of cases remain unresolved, State Department spokesman James Rubin said. Consequently, $10 million to $15 million in assistance will be held back.


Congress ordered the cutoff after American firms complained they were victims of corruption, bureaucratic red tape, and other impediments to business.