Ukraine can get a $ 3 billion loan from the US Eximbank to finance US exports

The parties signed a memorandum of understanding, the main purpose of which is to strengthen economic cooperation between Ukraine and the United States.Illustration of REUTERSIllustration of REUTERS

The Ministry of Economy of Ukraine and the Export-Import Bank of the United States of America signed a  Memorandum of Understanding.

According to the  Ministry of Economy, the signing took place during the working visit of President of Ukraine Volodymyr Zelensky to the United States.

“The main purpose of signing the Memorandum is to strengthen economic cooperation between Ukraine and the United States on trade in goods and services. In particular, it is planned that the Ministry of Economy and Eximbank will work out options for medium and long-term guarantees billion USD “, – it is told in the message.

Despite the above, the bank has no restrictions on the possibility of concluding financing agreements, which allows in the future to consider financing in excess of the total amount of 3 billion US dollars.

According to Economy Minister Oleksiy Lyubchenko, the Ukrainian side hopes to be able to implement projects totaling much more than the $ 3 billion.

“It is important for us to strategically develop cooperation with the US Eximbank, turn it into one of the pillars of Ukraine’s transformation and strengthen our cooperation with EU financial institutions and international financial institutions. We hope that US partners will become a reliable financial support for such cooperation,” Lyubchenko was quoted as saying. his press service.

According to him, during the preparation for the signing of the document, a number of joint consultations were held, during which a set of projects on security and economic transformation of Ukraine, decarbonization, implementation of infrastructure projects was considered.

For their part, the American bankers reaffirmed their readiness to continue active cooperation and expressed confidence that the signing of the Memorandum will be the basis for the implementation of ambitious projects and will contribute to the creation of much stronger economic ties between the countries.

Zelensky’s visit to the United States

Volodymyr Zelensky’s working visit to Washington began on August 31 A meeting with US President Joe Biden is scheduled for September 1.

During the visit it is planned to sign three documents: on defense partnership, projects in the field of research, development, testing and evaluation and cooperation in space.

During a working visit to the United States as part of a Ukrainian delegation, Foreign Minister Dmytro Kuleba confirmed that Kyiv is working on the US president’s visit to Ukraine.

(C)UNIAN 2021

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.