The loan is given on preferential terms: term – 20 years, interest rate – 1.0% per year. The grace period is 5 years from the date of signing the loan agreement.
On October 2, a loan agreement in the amount of 100 million US dollars was signed between Ukraine and the Export-Import Bank of Korea, which will be the first financial support from the Republic of Korea. This was reported by the Ministry of Finance.
It is noted that the loan is given on preferential terms: term – 20 years, interest rate – 1.0% per year. The grace period is 5 years from the date of signing the loan agreement.
According to Finance Minister Sergei Marchenko, additional projects implemented within the framework of bilateral cooperation on the Korean side will aim to support Ukraine’s economic development and contribute to further mutually beneficial cooperation between countries.
It was previously reported that South Korea has named a condition for lifting restrictions to help Ukraine. South Korea will not be “bound” by anything regarding aid to Ukraine if Russia transfers high-precision weapons to the DPRK.
Source: korrespondent
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