AVELLUM ADVISES THE MINISTRY OF FINANCE OF UKRAINE ON SOVEREIGN LOANS EXTENDED TO UKRAINE BY FRANCE AND CANADA

Newsroom

AVELLUM ADVISES THE MINISTRY OF FINANCE OF UKRAINE ON SOVEREIGN LOANS EXTENDED TO UKRAINE BY FRANCE AND CANADA

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

  • a EUR300 million and a 15-year credit facility from the French Development Agency as lender – to finance the general purposes of the state budget of Ukraine in order to maintain essential social public services; and
  • a CAD500 million and a 10-year loan from Canada (represented by the Minister of Finance) as lender with Export Development Canada as administrative agent – to be used in a manner consistent with macroeconomic parameters and policy commitments made by Ukraine under its current IMF Program or subsequent IMF programs.

“These transactions were closed in record time due to seamless collaboration of all involved parties who clearly understood what was at stake. This financial support from international partners makes a vital contribution in maintaining the financial system stability and responding to social and economic consequences of Russia’s invasion of Ukraine”, – commented Glib Bondar, senior partner of AVELLUM.

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

Authors

GLIB BONDAR

Senior Partner

gbondar@avellum.com

YAROSLAV PAVLIUK

Associate

ypavliuk@avellum.com

Posted on May 5, 2022

Ukraine closes War & Sanctions Portal

On 19 March 2024, the Ukrainian Government decided to close a sanctions-related database maintained by the National Agency on Corruption Prevention (“NACP”). Back in early 2022, the NACP had initiated the “War & Sanction Portal”. This online portal featured sections like “International Sponsors of War”, “Candidates for Sanctions” and other lists covering a range of […]

Posted on March 27, 2024

Antimonopoly Committee of Ukraine releases Annual Report 2023

On 19 March 2024, the Antimonopoly Committee of Ukraine (“AMC”) published its annual report for the year 2023. The report spotlights key figures of the regulator’s performance in 2023, steps towards harmonisation of the Ukrainian competition laws and regulations with EU legislation and the AMC’s priorities for 2024. 2023 STATISTICS EnforcementThe regulator imposed fines totalling […]

Posted on March 26, 2024
Subscribe to our Newsletter
Back
Search results: