May 21 2014, 08:17 Source: APK-Inform Views: 1230

Ukraine: Verkhovna Rada ratified the memorandum with the EU

The members of the Parliament promoted the Draft Law #0085 on the memorandum ratification on the understanding between Ukraine and the European Union on the macro-financing support provision at the amount of 1 bln EUR.

Thus, the stated support are the additional resources for Ukraine. According to the document, the funds will be allocated in two parts by 500 mln EUR. The payments will be made if the stand by program is being realized successfully.

The interest rate of the stated credit will be 2% annually, with the additional rate of EURIBOR for the corresponding period, or there will be the additional rate of the corresponding part of the credit, as it is mentioned in the first article of the stated Law.

The credit payment period not to exceed 15 years.


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