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The Ministry of Economy has approved a plan to restructure the Chinese loan of JSC “SFGCU”

The Ministry of Economy of Ukraine has approved a project to restructure amendments to the loan agreement concluded between JSC “State Food and Grain Corporation of Ukraine” and the Export-Import Bank of China.

The Ministry of Economy, as the governing body, has approved of JSC “SFGCU” to commit a significant deed regarding amendments to the agreement.

The next step is to initiate negotiations at the interstate level, which is currently being worked out by the Government of Ukraine, and to initiate the direct dialogue with the Chinese party.

We are grateful to the Cabinet of Ministers for its every assistance in resolving this difficult situation in the very short term.