Translated by Ollie Richardson for Fort Russ
3rd June, 2016
The authorities of Ukraine and the US have signed an agreement on the allocation of the third loan tranche of $1 billion to Kiev. This was reported by the press-service of the Ministry of Finance of Ukraine.
“On June 3rd, an agreement was signed on granting credit guarantees worth $1 billion between the governments of Ukraine and the USA. From the government of Ukraine, the agreement was signed by the Minister of Finance of Ukraine Alexander Danylyuk, and from the US government — US Ambassador Geoffrey R. Pyatt and the authorized representative of the USAID mission Joel Sandefur,” stated the message.
As was reported, funds to the amount of $1 billion will be gained from issuing bonds under the credit guarantee of the United States, and will go into the general state budget fund of Ukraine.
“These funds will be allocated for social support of the most vulnerable economic areas, including bringing gas tariffs to market levels,” said the press-service.
In May, the US plans to provide Ukraine with the third tranche of credit guarantees worth $1 billion, confirmed the Vice-President of the US Joe Biden.