US Vice President Offers Help to Ukraine Warns About Corruption

U.S. Vice President Joe Biden told Ukrainian presidential candidates and members of parliament on Tuesday that Washington was ready to help Ukraine’s economy but warned them they must fight the “cancer” of endemic corruption.

In Kiev to offer a symbolic show of U.S. support, Biden said the presidential election on May 25 would be an opportunity to lay the groundwork for a more unified and prosperous country.

Washington, he said, was ready to assist in holding it.

“You’re a month away from what I would respectfully suggest … may be the most important election in Ukrainian history,” Biden said during a meeting at the parliament building.

Biden’s visit to Ukraine follows the signing in Geneva last Thursday of a four-way peace deal to de-escalate tension in eastern Ukraine where pro-Russian separatists have seized towns and key facilities.

The Kiev leadership says the rebellions in the east are inspired and directed by Russia, one of the signatories of the Geneva accord, which annexed Crimea in March.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza