Advertisement

Rice says U.S. will help save Ukraine's economy

WASHINGTON, Feb. 23 (UPI) -- The United States will likely be part of international efforts to shore up the economy of restive Ukraine, National Security Adviser Susan Rice said Sunday.

Rice said on NBC's "Meet the Press" that underlying the flaring political strife in Ukraine was a "very, very fragile" national economy that needed rapid reforms.

Advertisement

The Obama administrator planned to work with the International Monetary Fund to provide unspecified financial aid to Ukraine, which is seen at risk of default.

Ukraine's leadership was up in the air Sunday following the ouster of President Viktor Yanukovich, an ally of the Kremlin in neighboring Russia. Yanukovich riled up the Ukrainian people last year by doing an about-face and seeking closer economic ties with Russia rather than seeking a closer relationship with the European Union.

RELATED Yanukovych blocked from taking plane to Russia, new president named

Yanukovich's downfall raised concerns that Russia might intervene militarily in the crisis in order to keep Yanukovich in power. Rice told NBC that would be a "grave mistake" and Ukraine should be allowed to hold elections and work out its own problems.

"It's not in the interest of Ukraine or of Russia or of Europe or of the United States to see a country split," Rice said. "It is in nobody's interests to see violence return and the situation escalate."

Advertisement

Russia has more at stake in Ukraine than keeping an ally in office, she said. NBC said Russia has a major naval base in Sebastapol and supplies Ukraine with much of its oil and natural gas.

RELATED Tymoshenko: 'Cancer' eliminated with removal of Yanukovych

Yanukovich and Russian President Vladimir Putin had worked out a $15 billion loan deal that was derailed by the political crisis.

RELATED Ukraine lawmakers pass bill that would free ex-PM Yulia Tymoshenko

RELATED European Union agrees to sanctions against Ukraine

RELATED Shots fired at Russian TV journalists covering protests in Ukraine

RELATED Truce agreement announced in Ukraine where 26 die in protests

Latest Headlines

Advertisement
Advertisement

Follow Us

Advertisement