Ukraine and the United States have signed a memorandum to strengthen economic cooperation

Photo: the Ministry of Economy of Ukraine

During the visit of President of Ukraine Volodymyr Zelenskyy to the United States, a memorandum of understanding was signed between the Ministry of Economy of Ukraine and the Export-Import Bank of the United States of America.

This was reported by UA with reference to the website of the Ministry of Economy of Ukraine.

The Ukrainian side was represented at the meeting by First Deputy Prime Minister – Minister of Economy of Ukraine Oleksiy Liubchenko, and Executive President of the Bank James Barrow signed the document on behalf of the United States of America.

The main purpose of signing the memorandum is to strengthen economic ties between Ukraine and the United States in the field of trade.

The Ministry of Economy and Eximbank plan to work with medium- and long-term guarantees, as well as direct loans from Eximbank to finance US exports to Ukraine totaling $ 3 billion.

However, the bank has no restrictions on the possibility of concluding financing agreements. This will increase the total amount of funding in the future.

“We hope that we will be able to implement projects for a total amount that will be much more than the specified $ 3 billion. It is important for us to strategically develop cooperation with the US Eximbank, turn it into one of the pillars of Ukraine’s transformation and strengthen our cooperation with EU financial institutions and international financial institutions. We hope that partners from the United States will become a reliable financial support for such cooperation, “said Oleksiy Lyubchenko.

To remind, Vladimir Zelensky in the USA told how he sees Ukraine in 5-10 years.

Earlier we reported that Ukraine and the United States have signed an agreement on the basics of defense partnership.