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.
The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
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 firstname.lastname@example.org
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