The Verkhovna Rada of Ukraine approved as a basis and in whole the draft law No. 0203 on ratification of the loan agreement between Ukraine and the European Union on attraction of credit in the amount of 1 billion euros.
About it reports RBC-Ukraine.
Voted for the document 242 MP.
The adoption by Parliament of legislation to approve the loan agreement, the total of which amounts to 1 billion euros. The Parliament’s website notes that the President has determined act No. 0203 as urgent.
Thus, the implementation of the Memorandum of understanding and the loan agreement will allow Ukraine to draw on the terms of urgency and payment of additional financial resources of the EU in the amount of up to EUR 1 billion for their subsequent submission to the state budget that will require additional expenditures from the state budget for the appropriate servicing and repayment of borrowed loan.
“Subject to the conditions of borrowing under the previous three programmes EU macro-financial assistance, the interest rate of borrowing for 10-15 years is projected as acceptable (up to 2% per annum), but the exact amount will be known only during the release of the European Commission, which has the highest credit rating (AAA) on the external debt market for funds, will be transferred to Ukraine under the same rate,” reads the explanatory note.