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Avellum and Sayenko Kharenko Advise on UK Export Finance-Guaranteed Defense Loan for Ukraine

Avellum and Sayenko Kharenko Advise on UK Export Finance-Guaranteed Defense Loan for Ukraine

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Avellum has advised the Ministry of Finance of Ukraine on a defense loan guaranteed by UK Export Finance that will be used to finance the purchase, modernization, and maintenance of two Sandown-class mine countermeasure vessels for the Ministry of Defence of Ukraine. Sayenko Kharenko and, reportedly, Ashurst advised UK Export Finance.

According to Avellum, "the loan was provided under the UK-Ukraine Framework Agreement on Official Credit Support for the Development of the Capabilities of the Ukrainian Navy. This Agreement anticipates further cooperation between the two countries, including UK consultancy and technical support for the building of naval infrastructure for the Ukrainian Navy."

The Avellum team included Senior Partner Glib Bondar and Associates Yaroslav Pavliuk, Andrii Kroshko, Olha Harhola, and Inna Hontaruk.

The Sayenko Kharenko team included Partner Anton Korobeynikov, Senior Associate Oles Trachuk, and Junior Associate Artem Medvetskyi.

Avellum at a Glance

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com