Kuleba: U.S. Eximbank funds to be used for projects with production localization in Ukraine

Kuleba: U.S. Eximbank funds to be used for projects with production localization in Ukraine

Ukrainian Minister for Foreign Affairs Dmytro Kuleba has said that funds received from the Export–Import Bank of the United States will be used for joint projects with the localization of part of production in Ukraine.

He said this during an hour of questions to the Government held in the Verkhovna Rada on Friday, an Ukrinform correspondent reported.

Kuleba reminded that the Export–Import Bank of the United States opened a $3 billion line to finance projects in Ukraine.

"These are the funds that will come here for the development of the Ukrainian economy. All discussions of joint projects, which took place in the United States, provided for the condition of localization of this or that part of production in Ukraine," Kuleba said.

He assured that the Ukrainian side holds talks with partners about localization.

As reported, the Ukrainian Ministry of Economy and the U.S. Export-Import Bank signed a memorandum of understanding, which provides for cooperation on projects in the infrastructure sector, agriculture, energy and digital economy. The parties are planning to consider options for using medium- and long-term guarantees, as well as direct loans from the U.S. bank to finance U.S. exports to Ukraine for at least $3 billion.


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