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

News

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.

Posted on May 5, 2022

AVELLUM’s year of invincibility

It’s been a tremendously important and obviously the most critical year for our country after 24 February 2022, when russia started its unprovoked and unjustified military aggression against Ukraine. Although the russian invasion made our activities quite challenging, we are fully operational and looking forward to restoring our business and the Ukrainian economy. Despite the […]

Posted on March 24, 2023

AVELLUM successful for the client before the High Anticorruption Court

AVELLUM defended the client, a Member of Parliament of Ukraine of the 9th convocation, being also a Lieutenant General of Ukrainian Armed Forces, in the criminal case heard by the High Anticorruption Court

Posted on March 15, 2023
Subscribe to our Newsletter
Back
Search results: