EIB approves EUR 400 mln loan for Ukrainian agriculture

The European Investment Bank (EIB) has approved EUR 400 million loan for Ukraine to finance the agricultural sector project.

This is reported by the press office of the Cabinet of Ministers of Ukraine.

"Prime Minister of Ukraine Arseniy Yatsenyuk signed the financial agreement between Ukraine and the European Investment Bank," reads the statement.

The implementation of the agreement will give an opportunity to raise EUR 400 million for 12 years to support the agricultural sector of Ukraine. The funds will be spent on the projects in the field of ​​cultivation of grains and oilseeds, modernization of fisheries and aquaculture in Ukraine.

By Ukrinform