U.S. offers new financial assistance to Moldova, Georgia

U.S. offers new financial assistance to Moldova, Georgia

PanARMENIAN.Net - The United States is offering new financial assistance to Moldova and Georgia, two former Soviet nations the West seeks to lure toward Europe.

Vice President Joe Biden announced the aid in Kiev during meetings with both nations' presidents on the sidelines of the new Ukrainian president's inauguration.

Both Moldova and Georgia are pursuing association agreements with the European Union amid a regional crisis over Russia's actions in Ukraine.

The White House says an additional $8 million will help Moldova "advance its European aspirations." The U.S. is also sending $5 million to Georgia to help economically vulnerable people living near Russian-controlled breakaway regions.

The aid follows President Barack Obama's announcement that the U.S. will work to boost the military capacity of non-NATO countries near Russia, including Moldova and Georgia.

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"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
“Under a new deal to be signed, Russia is expected to provide a $300 million loan to extend the NPP’s service life,” Yervand Zakharyan said.
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