Zelenskyy signs law on ratification of agreement between Ukraine, EU on loan cooperation mechanism
Ukrainian President Volodymyr Zelenskyy signed on Monday law No. 4121-IX of December 5, 2024, previously adopted by the Verkhovna Rada, on ratification of the agreement between Ukraine and the European Union on the implementation of the Ukraine Loan Cooperation Mechanism.
The agreement, in particular, provides for the creation of a legal framework for servicing and repaying loans received by Ukraine; providing Ukraine with financial support from income received from frozen assets of Russia, the Telegram channel of the Verkhovna Rada reports.
As reported earlier, the Ukraine Loan Cooperation Mechanism (ULCM) was created, where emergency revenues from frozen Russian assets and other voluntary contributions made by member states or third countries will be received. These resources will then be used to repay the principal amount of the debt and interest on the relevant bilateral loan agreements of Ukraine with creditors.
Advertising
Advertising
MORE ABOUT
Canada interested in military-industrial, defense cooperation – Zelenskyy
10:40, 17.03.2025
Zelenskyy calls for using contacts around the world to force Russia to take steps for peace
17:07, 15.03.2025
Zelenskyy on Witkoff's visit to Moscow: It can't be 100% known what was discussed there
16:28, 15.03.2025
Zelenskyy on Trump's promise regarding news on talks: I’d draw attention to fact that ICC issued arrest warrant for Putin on March 17, 2023
16:28, 15.03.2025
Zelenskyy calls on partners to continue working on contingents, insists on their deployment in Ukraine
16:21, 15.03.2025
LATEST
Insufficient funding for Ukrainian archives sector hinders modernization, development – Dpty Minister of Justice
13:11, 17.03.2025
URCS volunteers participate in elimination of consequences of Russian UAV attack on Chernihiv
12:57, 17.03.2025
Detention without bail chosen as preventive measure for detainee for murder of Hanul
12:37, 17.03.2025
URCS introduces mine safety rules to over 300,000 people since war start
11:52, 17.03.2025
Waltz on occupied territories of Ukraine: We must ask ourselves whether it is in our national interests