Poland to give Ukraine €1 billion loan

After negotiations with the President of Poland, Andrzej Duda, the President of Ukraine, Petro Poroshenko, confirmed that Warsaw will provide Kiev with a €1 billion loan.

“Negotiations were held between Valeriya Hontareva, the Chairman of the National Bank of Ukraine, and Marek Belka, the Head of the National Bank of Poland.  The two reached an agreement to open a credit line of 4 billion zlotys, approximately €1billion, for Ukraine. This will undoubtedly increase commerce between Ukraine and Poland” Poroshenko said.

The announcement was made barely a week after the EU agreed to provide Ukraine with a €100 million loan to support decentralization reform.

Poroshenko and Duda are currently holding talks in Kiev. In addition to solidifying Poland’s loan to Ukraine, the leaders are discussing further enhancement of bilateral relations, as well as the now ubiquitous issue of security in the region.  

  Ukraine, Poland, loan, Decentralization

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