HomeEconomySouth Korea will give...

South Korea will give Ukraine more than $2 billion in aid

Photo: Misha Jos/Facebook

Seoul will give Ukraine more than $2.1 billion in aid to rebuild the country. Funds will be received for five years.

Ukraine will receive $2.1 billion in soft loans from South Korea, which will be used for reconstruction projects. This was reported by the press service of the Ministry of Economy of Ukraine on Tuesday, April 2.

“These are funds from the Economic Development and Cooperation Fund (EDCF). They will be received over the next five years,” the statement said.

Under the terms of the agreement, the governments of South Korea and Ukraine must identify candidate projects in close cooperation with each other.

The details of each individual project, the amount and terms of the loan will be determined in separate loan agreements concluded between the Export-Import Bank of Korea and the borrower.

Let’s recall that, according to media reports, last year South Korea secretly allocated about 330 thousand 155 mm artillery shells to Ukraine. This amount exceeds the number of ammunition transferred from all EU countries combined.

South Korea donated 10 ambulances to Ukraine
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The Russian army lost 870 people per day (INFOGRAPHICS)

During the full-scale invasion of Ukraine, Russian invaders have already lost about 457 thousand 830 people. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . Over the past 24 hours, this figure has increased by 870...

The Ukrainian Armed Forces shot down the Russian strategic bomber Tu-22M3 for the first time – Oleshchuk

The Ukrainian military shot down a Russian Tu-22M3 strategic bomber for the first time. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . The Commander of the Air Force of the Armed Forces of Ukraine, Lieutenant...