OREANDA-NEWS. December 1, 2011. The Ministry of Finance extended the Agreement dated 3 June 2010 for granting a 2,000,000,000 USD credit concluded between Ukraine acting through the Cabinet of Ministers of Ukraine represented by the Ministry of Finance, and VTB Capital plc, for another six months.

Due to negotiators with Russian partners, the credit has been extended under previous financial terms in spite of worsening of the global macroeconomic environment and of the world’s financial market stance significantly uplvaluing loan resources for Ukraine and limiting its access to capital markets.

The Government of Ukraine has, notwithstanding the global market volatility, managed to complete the Ukraine’s State Budget financing assignment and relieve debt load at the end of the year.