In a €880 million deal, Alstom is to supply 130 electric locomotives to Ukrzaliznytsia

Friday, May 14, 2021

. France is financing 85% of the sale, through a €350 French Treasury loan and €400 million in loan guarantees from BPI Assurance Export. French authorities raised the level of localization – value added inside Ukraine – from 15% in March, to 35% in the final contract. President Zelenskiy said after the signing: “Big money will be invested.”

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France’s Finance and Economy Minister Bruno Le Maire was in Kyiv yesterday, and presided over the signing of for agreements totaling €1.3 billion for the purchase of French goods and services.

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