About past, present and future of Ukraine

Main Business — Ukraine received 100 million euros from France

Business

Ukraine received 100 million euros from France

13 Dec, 2022
169
Ukraine received 100 million euros from France

Share this article


Ukraine received a EUR 100 million loan from the French Development Agency on preferential terms. The funds are directed to the general fund of the State Budget to finance priority expenditures, particularly social and humanitarian.

"We highly appreciate France's contribution to maintaining the stability of Ukraine's financial system and its willingness to support our state in the fight against the aggressor. Financial assistance to Ukraine today is an investment in a peaceful future on the European continent," stressed the Minister of Finance of Ukraine, Serhiy Marchenko.

The loan is provided on preferential terms: the interest rate is 1.04% per annum, and the final repayment of the loan is carried out 15 years from the date of the loan agreement (taking into account the grace period for deferring repayment of the loan for a period of more than 5 years from the date of the conclusion of the loan agreement).

The total amount of direct budget support from France since February 24, 2022 reaches 432 million US dollars.

On November 28, the Minister of Finance of Ukraine, Serhiy Marchenko, and the Minister of Economy, Finance, Industrial and Digital Sovereignty of France, Bruno Le Maire, signed an Agreement on providing Ukraine with a loan of up to 100 million euros from the French Development Agency.


The Odessa Journal

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 ...