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Avellum Advises Ministry of Finance of Ukraine on CAD 400 Million Sovereign Loan From Canada

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Avellum has advised the Ministry of Finance of Ukraine on a CAD 400 million concessional loan from Canada. 

According to Avellum, "this loan, with a repayment period of 10 years and an interest rate of 1.5% per annum, will support Ukraine in its current economic challenges. The loan, channeled through the International Monetary Fund’s Administered Account, will be used to finance Ukraine’s priority state budget expenditures."

The Avellum team included Senior Partner Glib Bondar, Managing Associate Mariana Veremchuk, and Associates Andrii Kroshko and Elina Kryhan.

Avellum did not respond to our inquiry on the matter.

Editor's Note: After this article was published, Sayenko Kharenko announced that it advised Canada on the loan. The firm's team included Partner Igor Lozenko, Senior Associate Oles Trachuk, and Paralegal Artem Medvetskyi. 

Avellum at a Glance

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com