Germany grants Ukraine €150 million loan
Ukraine will receive another loan of €150 million ($158 million) from Germany’s state development bank KfW, the government in Kyiv announced.
Ukrainian Prime Minister Denys Shmygal, in a statement on the government’s official website, said the money would be used to support citizens and rebuild infrastructure.
He stressed that the government would use the resource to support our citizens and rebuild critical infrastructure.
Ukraine previously received €150 million from the KfW in early April as the final tranche of a 2015 loan from the German government totalling €500 million.
Mr Shmygal said the new loan had a term of 15 years, and repayments did not have to start until after five years.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
World
Sri Lanka runs out of petrol amid economic crisis
Meanwhile, the country has received a $160 million grant from the World Bank.
Sport
U.S. Soccer agrees equal pay for male, female teams
The new agreement comes three months after a group of top women’s team players settled a gender discrimination lawsuit against U.S. Soccer Federation.
States
We killed six bandits, recovered rustled cows: Katsina Police
Mr Isah disclosed that the command also neutralised six suspected terrorists and recovered AK 47 riffle, 110 cows and 242 sheep and goats.
World
War Crime: Russian soldier pleads guilty to killing civilian in Ukraine
Ukraine’s prosecutor general Iryna Venediktova said her office was preparing war crimes cases against 41 Russian soldiers for various offences.
Hot news Home top
Sanwo-Olu bans Okada in six Lagos local councils
This is not the first time the Sanwo-Olu administration has banned Okada operations in parts of Lagos.
Rights
Man begs court to dissolve 36-year-old marriage; says wife, children beat him
On Wednesday, Mr Ogidan told the Ikorodu Customary Court that his wife, Risikat, beat him.
