The state budget paid UAH 2.5B for Chinese loans.

Tuesday, February 1, 2022
The state budget paid UAH 2.5B for Chinese loans.

The Ministry of Finance transferred UAH 2.5B ($88M) in loans to the Chinese bank, Eximbank, in payment for the State Food and Grain Corporation debt. Of the $96.4M the corporation was due to pay China on January 21, the state trader paid only $8.8M. The remaining $87.6 M was paid by the Ministry of Finance under the state guarantee, about UAH 2.5B. As a reminder, In December 2012, the State Property Fund of Ukraine received a $1.5B loan from Eximbank of China under the state guarantee for the supply of Ukrainian grain to China.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Ukraine and Poland have agreed to lift restrictions on the transit of railroad freight cars.

Ukraine and Poland have agreed to lift restrictions on the transit of railroad freight cars.

Next post
The NBU sold $759M on the interbank market last week.

The NBU sold $759M on the interbank market last week.

Previous Main Topics