President Obama: IMF Deal for Ukraine 'Major Step Forward' - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

President Obama: IMF Deal for Ukraine 'Major Step Forward'

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President Barack Obama says a pledge of up to $18 billion in loans to Ukraine from the International Monetary Fund is a major step forward.
 
Obama says the support package will help Ukraine sustain its economy and meet its people's long-term needs.
 
He says it will require structural reforms, but also means Ukraine can follow countries like Poland that have seen incredible growth. 
 
Obama says the IMF announcement is a concrete signal that the world stands united with Ukraine as it makes tough choices in a difficult time.
 
Obama is also calling on Congress to do its part. The House and Senate are poised to pass versions of a $1 billion loan guarantee package on Thursday.
 
Obama spoke at a joint news conference with Italian Prime Minister Matteo Renzi. 

Meanwhile, the U.N. General Assembly has approved a resolution affirming Ukraine's territorial integrity and calling the referendum that led to Russia's annexation of its Crimean Peninsula illegal.
 
The vote Thursday was 100 in favor, 11 opposed and 58 abstentions.  
 
The "yes" vote was higher than many diplomats had predicted, with more than half the 193 members of the General Assembly supporting the Ukrainian sponsored resolution.
 
Unlike the Security Council, General Assembly resolutions are not subject to vetoes nor are they legally binding but they do reflect world opinion.  (AP)

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