Economy

China’s infrastructure loan to Ukraine will be for about $400 million, largely for two projects – the Kyiv Ring Road and a new bridge over the Dnipro at Kremenchuk,

Thursday, August 12, 2021

Viktor Dovhan, chief negotiator of the loan, tells the Kyiv Post. Ukraine is to borrow the money from China’s Export-Import Bank at a 2% interest rate for 15 years, says Dovhan, now an advisor to the EU mission to Ukraine. Announced last month, the deal was short on details.

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To promote river cargo, the government last week ordered that shipping companies no longer be charged for the opening of drawbridges

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