The Cabinet of Ministers approved a state guarantee for the Chinese loan of State Food and Grain Corporation of Ukraine
13.09.2023 - 13:20
The Cabinet of Ministers of Ukraine approved the proposal of the Ministry of Economy regarding the confirmation of state guarantees for the loan of JSC “State Food and Grain Corporation of Ukraine”.
On September 13, the Cabinet of Ministers approved the confirmation of the state guarantee for repayment of the Chinese loan of State Food and Grain Corporation of Ukraine. This was announced by the permanent representative of the Cabinet of Ministers in the Verkhovna Rada of Ukraine, Taras Melnychuk.
We are talking about a debt obligation of 1.5 billion dollars, which the Сorporation attracted from the Export-Import Bank of China to finance projects in the field of agriculture.
Reference: The Government of Ukraine created the State Food and Grain Corporation of Ukraine back in August 2010. The corporation includes linear and port elevators, mills, compound feed and grain factories. A total of 53 branches of the Corporation can store 3.75 million tons of grain.
