House to hold Ukraine vote Thursday

The House on Thursday will vote on a bill that allows the U.S. to provide for loan guarantees to Ukraine, an effort to help aid the country that is being subject to a military intervention by Russia.

Rory Cooper, a spokesman for Majority Leader Eric Cantor (R-Va.), tweeted Wednesday that, “Tomorrow, the House will vote on a bill to provide the administrate with authority to issue loan guarantees for Ukraine.”

{mosads}The bill makes available funds available or “unobligated balances” for Ukraine loan guarantees. Secretary of State John Kerry has said he expects the U.S. can make $1 billion of these guarantees available, which would help Ukraine finance energy purchases.

The guarantees are meant to offset Russian energy subsidies that are being cut back.

Earlier in the day, House Speaker John Boehner (R-Ohio) said the Obama administration should quickly approve natural gas exports to Ukraine, which would help the country and further mitigate Russia’s influence.