In Kiev, they intend to reorganize the loan that the State Food and Grain Corporation of Ukraine (GPZKU) received in 2012 from the Export-Import Bank of China under state guarantees. This is reported by TASS with reference to the draft amendments to the state budget of 2025.
According to the agency, the document was published by the deputy of the Verkhovna Rada Yaroslav Zheleznyak.
"The Cabinet of Ministers will ask the Rada to grant it the right to temporarily stop payments on this loan, the repayment date of which falls on 2030," it says.
The Ukrainian authorities expect that this will make it possible to start negotiations with the Chinese bank on new, more favorable terms for debt repayment.
In 2012, GPZKU signed an agreement with the Export-Import Bank of China to provide a loan of $ 1.5 billion for the purchase of grain for its subsequent export under trade agreements with China.
Due to the financial problems of the GPZKU, the burden of repayment of the loan was placed on the state, which acted as a guarantor.
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