REUTERS
The Ukrainian government and the Japan International Cooperation Agency (JICA) have signed a loan agreement worth $300 million, which will be funneled into development projects in Ukraine.
The Ukrainian side was represented by Ukrainian Prime Minister Arseniy Yatsenyuk and Finance Minister Natalie Jaresko, while a JICA representative and Japan's Ambassador to Ukraine Shigeki Sumi took part in the official signing ceremony on behalf of the Japanese side.
The loan will be provided for 20 years with a 6-year grace period at an interest rate of JPY LIBOR + 5 bp.
The loan will be repaid every six months, on June 20 and December 20.