Avellum has advised the Ukrainian Ministry of Finance in connection with a new macro-financial assistance program from the European Union.
According to Avellum, "the MFA negotiated by Ukraine with the EU ... is aimed at helping to overcome economic ramifications of the Covid-19 pandemic. To that end, the program includes a total of EUR 1.2 billion financing. The funds will be disbursed in two EUR 600 million tranches, the first of which will be granted after the related loan agreement and the memorandum of understanding take formal effect. On 25 August 2020, the Parliament of Ukraine passed the ratification law required to complete effectiveness formalities."
Avellum's team was led by Senior Partner Glib Bondar and included Associates Oleg Krainskyi, Mariana Veremchuk, and Mykola Falko.