Contents tagged with loan
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Ukraine to receive $500 million loan from World Bank
The World Bank will provide $500 million worth of credit guarantees to Ukraine for natural gas purchases for heating in the near future, reported Satu Kahkonen, the World Bank Country Director for Belarus, Moldova, and Ukraine.
“Yes, we’ve got some projects that are being prepared for Ukraine. One of them is a $500 million project – a guarantee for the government of Ukraine for gas purchasing,” she said.
Satu Kahkonen noted that the guarantee could come “in the nearest future,” taking into …
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Russia is ready to provide 2.5 billion Euro loan to Iran
The total amount of two loans to Iran will amount to about 2.5 billion Euros, the Russian Deputy Finance Minister, Sergiy Storchak, said. "The total amount of the two loans is about 2.5 billion Euros. One is a little more, the other is a little smaller," TASS quoted the official as saying. Storchak said that the Finance Ministry expects the negotiations will be completed and loan documents signed within two weeks.
"The domestic procedures of the parties have been completed. This issue will …
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US to provide Ukraine with $1 billion in loan guarantees
Poroshenko and Biden have agreed on the provision of the third loan installment in the amount of $1 billion to Ukraine. The agreement will be signed in the near future.
On the 13th of May, the President of Ukraine, Petro Poroshenko, and the Vice President of the United States, Joe Biden, agreed to the provision of the third tranche of a loan in the amount of $1 billion to Kiev, the press service of the Ukrainian President reported. Poroshenko informed Biden on the progress made towards …
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Switzerland grants $200 million loan to the National Bank of Ukraine
The National Bank of Ukraine signed a loan agreement with the Swiss National Bank. In an official statement, the National Bank of Ukraine said, “The agreement finalizes the agreement made between the President of Ukraine, Petro Poroshenko, and the President of Switzerland, Johann Schneider-Ammann, on an increase of humanitarian and financial assistance to Ukraine from Switzerland.”
According to the report, the purpose of the loan agreement between the National Banks of Switzerland and Ukraine …
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Japan promises Ukraine $1.85 billion if Kiev successfully implements reforms
The Prime Minister of Japan, Shinzō Abe, said during a joint press statement with the President of Ukraine, Petro Poroshenko, that Japan promises to provide support to Ukraine in the amount of $1.85 billion if Kiev shows pregress in implementing reforms, Ukrainian News reported.
“For our part, I have the following intention: We will keep our promises on provision of financial support to Ukraine in the amount of $1.85 billion for the implementation of reforms. The Prime Minister added that they …
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Obama confirms readiness to provide Kiev with $1 billion tranche
Barack Obama has confirmed his readiness to provide Kiev with a tranche of one billion dollars after the formation of the new government in Ukraine. According to the press service of the Ukrainian President, Obama announced this at a meeting with Petro Poroshenko during the Nuclear Security Summit in Washington.
"Special attention was paid to the need to form a reform-oriented coalition and government in Ukraine as fast as possible. President Obama has confirmed his readiness to provide the …
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Ukraine to receive $311 million loan from Japan
Ukraine and Japan have ratified a second loan agreement worth $331 million, reported the Ukrainian Ministry of Finance.
A statement issued by the Finance Ministry stated that "Ukraine has received a long-term soft loan worth $331 million from Japan within the DPL II joint project with the World Bank. The credit is granted through the Japan International Cooperation Agency.”
The Finance Ministry also noted that the term of the loan is 20 years with a six-month grace period. The interest rate …
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Ukraine to receive $300 million loan from Japan
Ukraine and Japan have ratified a loan agreement in the amount of $300 million. The credit funds should go to Ukraine in April, 2016.
This is the second Japanese loan to Ukraine for economic reforms, said Natalia Jaresko, Minister of Finance of Ukraine, during a joint press conference in Kiev on March 4th with Japanese Ambassador Shigeki Sumi. Interfax-Ukraine quoted Minister Yaresko as saying “In April we hope to receive the loan funds in one tranche, which will be directed to the General …
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Russian Gazprom to receive 2 billion euro loan from Chinese bank
Gazprom and the Bank of China have signed an agreement granting the Russian gas monopoly a €2 billion loan for a period of five years as reported by the press service of the company.
It is the largest funding deal coming directly from one credit institution in the history of Gazprom. It was also noted by the company that it was the first bilateral loan agreement with the Chinese Bank.
In August 2015 Gazprom secured a loan from a consortium of Asian Banks for $1.5 billion at LIBOR + 3.5% for …
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Ukraine and IMF have not yet agreed on updated memorandum on cooperation
According to the Deputy Finance Minister of Ukraine, Artem Chevalier, Ukraine and the IMF have not yet agreed on the updated version of the memorandum on cooperation. This memorandum would detail the provision of new loans for Ukraine.
After a press conference in Kiev, Chevalier said that “we do not have the updated version of the memorandum yet”.
He also did not give a possible date for resuming Ukraine’s cooperation with the fund. In response to a question about the nature of the possible …