The Cabinet of Ministers of Ukraine has approved the terms of the agreement, which provides for the provision of a 40-year loan from the American bank Federal Financing Bank (FFB) in the amount of up to.20 billion. This loan is part of the G7 initiative, which provides for the allocation of Україні 50 billion to Ukraine from the profits received from frozen Russian assets. This is stated in the resolution of the Cabinet of ministers, reports UNN.
Details
According to the resolution, the loan funds will be directed to the Facilitation of Resources to Invest in Strengthening Ukraine Financial Intermediate Fund, which was established by the World Bank on October 10, 2024.
It is noted that the implementation of this agreement provides for the conclusion of several key agreements. In particular, Ukraine, as a borrower, signs a certificate Purchase Agreement with Federal Financing Bank (FFB) and the United States Agency for International Development (USAID). In addition, a Loan Guarantee and Repayment Agreement is being concluded between Ukraine and USAID. To formalize obligations, the Ministry of Finance of Ukraine issues a certificate of Indebtedness on behalf of the state in favor of the FFB, which is provided by a USAID guarantee.
The loan amount has an interest rate of 1.3% per annum plus the average current rate on one-year US Treasuries. Repayment of the principal amount and payment of interest are planned at the expense of income received from frozen assets of the Russian Federation.
recall
In October, the G7 leaders agreed to provide Ukraine with 5 50 billion in loans through an emergency revenue acceleration mechanism. The funds will be serviced at the expense of immobilized Russian assets.
On December 3, the Verkhovna Rada adopted a draft law on the conditions for receiving 5 50 billion.
On December 4, head of state Volodymyr Zelensky signed the law on the conditions for Ukraine to receive a доларів 50 billion loan from the group of seven countries. According to the document, the loan will not need to be repaid if Ukraine does not receive reparations from the Russian Federation.