Germany to provide EUR 300 mln to Ukraine for energy, infrastructure, railways

10:00, 30.06.2016 1 min read

Ukrainian Prime Minister Volodymyr Groysman has said that Germany intends to provide EUR 300 million to Ukraine for energy, infrastructure and railways.

"The decision that we would be able to implement the untied financial loan of EUR 300 million intended for energy, infrastructure and railways has been made," he said on ICTV Channel.

As reported, Deputy Prime Minister and Regional Development, Construction, Housing and Utilities Economy Minister of Ukraine Hennadiy Zubko said that The mission of Germany's KfW will arrive to Ukraine on July 4 to approve projects on the implementation of the second part of untied financial loan of EUR 300 million that could be sent to the target projects by the end of 2016.

A memorandum on joint intentions between the government of Ukraine and the government of Germany for an unrelated financial loan totaling EUR 500 million was signed in Berlin on April 1, 2015.

In July 2015, Ukraine's Verkhovna Rada ratified the memorandum.