EU and Ukrainian officials signed documents in Brussels yesterday for a €1.2 billion loan to Ukraine

Thursday, July 23, 2020
EU and Ukrainian officials signed documents in Brussels yesterday for a €1.2 billion loan to Ukraine

EU and Ukrainian officials signed documents in Brussels yesterday for a €1.2 billion loan to Ukraine – almost half of total emergency aid that the European Commission is extending to 10 countries in the region. Over the next year, the money is to be paid out in two tranches of €600 million. Conditions are typical of ‘soft’ loans to Ukraine – a 15-year loan with an annual interest rate of 0.125%.

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