21
Fri, Jun
53 New Articles

Avellum and Sayenko Kharenko Advise on Canada's CAD 2.4 Billion Loan to Ukraine

Avellum and Sayenko Kharenko Advise on Canada's CAD 2.4 Billion Loan to Ukraine

Ukraine
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Avellum has advised the Ministry of Finance of Ukraine on a CAD 2.4 billion concessional loan from Canada. Sayenko Kharenko advised the Government of Canada on Ukrainian law-related matters.

"The funds were provided through the mechanism of the Administrated Account of the International Monetary Fund," Avellum informed. "The repayment period of the loan is ten years, and the interest rate is 1.5% per annum."

"The financing brings Canada’s total economic, military, humanitarian, and other support to Ukraine to more than CAD 8 billion since February 2022," Sayenko Kharenko reported.

"These funds are instrumental to finance priority expenditures of the state budget of Ukraine and cope with the economic fallout from the Russian invasion," Avellum Senior Partner Glib Bondar commented.

In 2022, Avellum also advised the Ministry of Finance of Ukraine on a CAD 500 million 10-year loan from Canada (as reported by CEE Legal Matters on May 13, 2022).

The Avellum team was led by Bondar and included Managing Associate Oleg Krainskyi and Associate Yaroslav Pavliuk.

The Sayenko Kharenko team was led by Partner Igor Lozenko and included Associates Oles Trachuk and Oleksandr Motin.

Ukraine Knowledge Partner

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

 

Our Latest Issue