In ENGLISH | РУС/УКР
Sign in | Register
Mobile version | Subscription | RSS Archive
KyivPost

EurActiv.com: China penetrates deeper into Ukrainian economy

Print version
July 17, 2012, 10:37 a.m. |

China expected to provide technological expertise for the conversion of the plants from gas to coal.
© AFP

SEE ALSO
According to EurActiv report, Ukraine has secured two multibillion euro loans for energy and agriculture from China in recent days, a development suggesting that Kyiv is seeking alternatives to the tougher financing conditions set by the International Monetary Fund.

Ukraine's energy and coal industry ministry signed an agreement with the China Development Bank for a $3.656 billion (€3 billion) credit line to help the country switch its power plants to coal from gas, the Platts energy information service reported. The deal was announced on 13 July.

The Ukrainian National Bank, meanwhile, announced a Chinese loan of $3 billion (€2.46 billion) for agriculture.

Read more here. 

READ MORE IN SECTION
The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
Advertising link

KyivPost

© 1995–2012 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.