Wednesday, 22 March 2017

Ukraine’s Chinese loan will be reduced

Ukraine’s Minister of Agriculture has said the credit rates for grain bilateral project between the State Food and Grain Corporation of Ukraine and Chinese corporation SSES will be reduced.

"The rate of the Chinese loan will be reduced. The amount of reduction in the discussion are subject to approval by the Chinese side. The main thing achieved principled decision “said Taras Kutovy.

It was agreed to use loan funds for the implementation of two mutually beneficial projects: the purchase of grain wagons through an open tender and supply of plant protection products in Ukraine, presumably from China.