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Kiev Signs Memorandum With Berlin on Loan of 500 Million Euros

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The Ukrainian parliament on Wednesday ratified a memorandum with Germany on a 500-million-euro loan to rebuild eastern Ukraine’s infrastructure. 15.07.2015, Sputnik International

2015-07-15T08:43+0000

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Kiev Signs Memorandum With Berlin on Loan of 500 Million Euros

08:43 GMT 15.07.2015 (Updated: 08:51 GMT 15.07.2015)

© AFP 2023 / DIMITAR DILKOFF An International observer of the Organization for Security and Co-operation in Europe (OSCE) stands next to a destroyed car after shelling during an inspection tour near the village of Shirokino, near the eastern Ukrainian port city of Mariupol

An International observer of the Organization for Security and Co-operation in Europe (OSCE) stands next to a destroyed car after shelling during an inspection tour near the village of Shirokino, near the eastern Ukrainian port city of Mariupol - Sputnik International

The Ukrainian parliament on Wednesday ratified a memorandum with Germany on a 500-million-euro loan to rebuild eastern Ukraine’s infrastructure.

Ukraine Prime Minister Arseniy Yatsenyuk meets with Republican leaders on Capitol Hill in Washington, Wednesday, June 10, 2015 - Sputnik International

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13 July 2015, 13:51 GMT

KIEV (Sputnik) – According to the memorandum, the German government will guarantee the 500 million euros with an unbinding loan.

“Macrofinancial aid is set at 200 million euros, 300 million euros will be allotted to energy, infrastructure, utilities and other companies that provide for the living conditions in our regions,” Ukrainian Deputy Prime Minister Hennadiy Zubko said.