AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with:

a EUR200 million 15-year loan from the Italian Republic
a CAD450 million 10-year loan from Canada, disbursed through the IMF Administered Account for Ukraine

The loan from Italy will help to cover the social expenses of the state budget of Ukraine, including to pay salaries to teachers in Ukraine. Italy co-finances these expenses together with USD4.5 billion financing provided by the World Bank under its PEACE project (that name standing for Public Expenditures for Administrative Capacity Endurance in Ukraine).

The loan from Canada will be directed towards the general purposes of the state budget of Ukraine. This latest loan brings total financial support provided by Canada to date in 2022 to CAD1.95 billion.

AVELLUM team was led by senior partner Glib Bondar with significant support from senior associate Oleg Krainskyi, and associates Mariana Veremchuk, Yaroslav Pavliuk and Oleksandra Mohylna.

Authors

GLIB BONDAR

Senior Partner

gbondar@avellum.com

MARIANA VEREMCHUK

Managing Associate

mveremchuk@avellum.com

Related practices

Related industries

Banking and Financial institutions

Posted on September 1, 2022

Key takeaways from “AVELLUM Disputes Day: Asset Recovery”

AVELLUM continues its tradition of hosting “AVELLUM Disputes Day”. This year it was held on 22 October 2024 and was dedicated to Asset Recovery. Renowned speakers from Stephenson Harwood LLP, Appleby, Steptoe LLP, and AVELLUM covered disclosure orders in the UK and BVI, discovery procedures in the US, and criminal proceedings and open-source investigations as […]

Posted on November 13, 2024

AVELLUM advises UMAEF on legal matters in connection with launching of its USD50 million Investment Program

Posted on November 12, 2024 by MYKOLA STETSENKO

Searching for results…