U.S. foreign aid to Ukraine will go to Russia-Truth!

U.S. foreign aid to Ukraine will go to Russia-Truth!

 
Summary of eRumor:
 
The United States sent $1 billion to Ukraine to help pay for higher natural gas prices charged by Russia because of the conflict in Crimea.
The Truth:
This is a viral email that makes false claims about $1 billion in aid that the United States is sending to Ukraine.
President Obama signed the bill into law on April 3, 2014. It includes $1 billion in loan guarantees, but the funds won’t be used to pay for Russia for higher natural gas prices.
Some of the funds will be used to reform Ukraine’s energy sector so it won’t be as dependent on Russia for natural gas. Funds will also be used to reform the country’s banking system, crack down on corruption, train its military, improve security and support elections, according to the bill.
Ukraine depends on Russia for about half of its natural gas supply. Reuters reported that Russia had raised its prices for Ukraine by 80 percent as of April 4, 2014.
The International Monetary Fund approved a loan package to help Ukraine pay for its energy supplies, according to euronews.com.
Posted 04/04/14