HTML _ IB95077 - The Former Soviet Union and U.S. Foreign Assistance
18-Apr-2001; Curt Tarnoff; 7 p.

Abstract: Seeking to encourage a transition to democracy and free market economics in the states of the former Soviet Union (FSU), the United States, since December 1991, has offered roughly $7.3 billion in grants for economic and technical assistance to the region. Most of the grant assistance has been provided through the Agency for International Development (USAID). In addition, $4.3 billion has been provided in food aid through the Department of Agriculture, and $2.3 billion by the Department of Defense for nonproliferation purposes. The United States has also subsidized guarantees for more than $12 billion in credits from the Export-Import Bank, Overseas Private Investment Corporation, and the Department of Agriculture.

In its FY2002 budget request, the Administration proposed funding the former Soviet Union account at $808 million, little change over the FY2001 appropriated level of $810 ($808.2 after an across-the-board rescission).

Whether, how much, under what conditions, and to whom in the successor entities of the Soviet Union assistance might be given remain matters of ongoing debate in Congress.

For more information on this issue, see CRS Report RL30112 (pdf), Russia's Economic and Political Transition: U.S. Assistance and Issues for Congress, CRS Issue Brief IB98038, Nuclear Weapons in Russia, and CRS Report 97-1027, Nunn-Lugar Cooperative Threat Reduction Programs: Issues for Congress. [read report]

Topics: International, Economics & Trade, International Finance

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