On October 2, Minister of Finance of Ukraine Serhii Marchenko signed a loan agreement with the Export-Import Bank of Korea to attract USD 100 million.
This is stated in the notification of the Ministry of Finance, the Ukrainian News agency reports.
In April 2024, an Agreement was signed between the Governments of Ukraine and the Republic of Korea, which allows Ukraine to attract loans in the amount of up to USD 2.1 billion during 2024-2029.
The attraction of USD 100 million will be the first financial support that will come to the State Budget of Ukraine from the Republic of Korea.
The loan is drawn for a period of 20 years, the interest rate is 1.0% per annum.
The grace period is 5 years from the date of signing the credit agreement.
As the Ukrainian News agency earlier reported, in August Ukraine received a USD 3.9 billion grant from the United States through the World Bank.
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