The United Nations General Assembly has condemned Russia's annexation of Crimea, calling it illegal.
The Assembly approved a resolution describing the Moscow-backed referendum that led to Russia's annexation as 'illegal'.
The move from the UN comes after the International Monetary Fund (IMF) agreed to a loan deal with Ukraine worth 14 to 18 billion dollars, the BBC reports.
According to the report, the US Congress also passed legislation backing a one billion dollars loan guarantee for Ukraine.
Nearly 100 countries voted in favour of approving a UN General Assembly resolution declaring the Crimean referendum illegal and affirming Ukraine's territorial integrity, the report said.
A bill was also passed in the US Senate and House of Representatives providing one billion dollars in loan to stabilize Ukraine's economy.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app