$3b agricultural loan approved for Ukraine

Updated: 2012-07-03 14:53

(China Daily)

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China will provide Ukraine a $3 billion loan for agriculture projects, the former Soviet state's central bank said on Monday in a statement.

The sides signed a memorandum which assumes that the loan with an interest rate of 6 percent will mature in 15 years, the regulator, based in capital Kiev, said in the statement.

Agencies - China Daily