The head of Ukraine Petro Poroshenko has signed the law on ratification of the financial agreement between Ukraine and the European investment Bank (EIB) to attract 400 million Euro loan for 12 years, which will go to support the agricultural sector, said the press service of the President.
"The implementation of the document aimed at supporting the agricultural sector of Ukraine and provides the opportunity to raise 400 million euros for 12 years with four years grace period," - the letter press service news Agency.
appropriate means, according to the report, is expected to be spent on modernization of fisheries and the implementation of projects in the field of growing grain and oilseeds. The loan will be paid in installments, the amount each of them will be at least 10 million euros. The Ministry of agrarian policy and the Ministry of Finance, acting credit borrower and state the "Ukreximbank" will carry out the selection of projects and monitoring their implementation. The agreement with EIB was signed at the end of December 2015, the Verkhovna Rada of Ukraine ratified in September 2016, we Emphasize that the EIB was angry with the implementation of the projects financed in Ukraine. So, in April the European investment Bank tried to persuade Kiev to accelerate implementation of projects for which the money was allocated. 28 December 2015, the European investment Bank is obliged to grant Ukraine a loan of 400 million euros.