US Loan To Kiev Contingent on Resignation of Ukrainian Attorney General

According to, the U.S. State Department will consider Ukrainian Prosecutor General Shokin’s dismissal as clear support for the fight against corruption in Ukraine, as well as a main condition for a $1 billion loan to Ukraine.

This was revealed during the visit to the USA of Deputy Prosecutor General David Sakvarelidze, the Director of the Anti-Corruption Bureau Artem Sytnik and anti-corruption Prosecutor Nazar Kholodnitskyi. Ukrainian officials are in the US on a working visit now, where a number of political and professional meetings are being held. The decision about loan guarantees has already been made.

Earlier Ukraine and the US signed an agreement on providing loan guarantees for Ukraine so that the Cabinet of Ministers will be able to procure a billion dollars to address the issue of Eurobonds under US safeguards. However, the provision of the guarantee will depend on progress monitored by the International Monetary Fund program and implementation of anti-corruption reform, part of which includes the change of Prosecutor General.

  U.S. State Department, Shokin’s dismissal, corruption, $1 billion loan, David Sakvarelidze