About past, present and future of Ukraine

Search mobile

Main War Ukraine will receive EUR 300 mln loan from French Development Agency

War

Ukraine will receive EUR 300 mln loan from French Development Agency

301
Ukraine will receive EUR 300 mln loan from French Development Agency

Share this article


On March 28, 2022, the Minister of Finance of Ukraine Serhii Marchenko inked an agreement with the French Development Agency to obtain a loan of EUR 300 million on concessional terms.

I praise our French colleagues for their prompt decision. The funds provided to us are extremely important for maintaining the stability of the financial system in the conditions of a full-scale war with Russia

Serhii Marchenko

The loan is provided at a fixed interest rate of 1.04% per annum for 15 years (taking into account the grace period for deferral of loan repayment for a period of five years from the date of the loan agreement).

The funds will be used to finance the state budget.


The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...