Georgia, Ukraine, Moldova decreasing economic dependency on Russia thanks to U.S. - Nuland

12:57, 08.06.2016 1 min read

Georgia, Ukraine and Moldova are decreasing their economic dependence on Russia thanks to financial assistance from the United States, Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland said at a hearing in the U.S. Senate.

"In Georgia, Moldova, and Ukraine, our assistance is reorienting economies away from excessive dependence on Russia and toward growth-spurring markets in Central and Western Europe," Nuland said.

"To strengthen democratic institutions, reform economies, fight corruption, and build the resilience of partners, we have requested $787 million in funding for Europe and Eurasia, including to those countries most vulnerable to Russian pressure, especially Ukraine, Georgia, Moldova, and the Western Balkans," she said.

The U.S. is currently working intensively with European countries to ensure EU sanctions against Russia are rolled over at the end of this month, Nuland said.