Skip to content Skip to sidebar Skip to footer

Some Issues of Providing Financial State Support to Enterprises Defined as Critically Important for Economic Functioning during a Special Period in the Defense-Industrial Complex

Resolution Approves Two Key Procedures for Providing Financial Support to Defense-Industrial Complex Enterprises through Credit Subsidization Mechanism.

Support is provided to enterprises identified by the Ministry of Strategic Industries as critically important for economic functioning during a special period. Maximum loan amount is up to 500 million UAH for investment purposes and up to 100 million UAH for working capital. Loan term is up to 5 years for investments and up to 3 years for working capital.

The support mechanism involves interest rate compensation to the level of 5% per annum through the Entrepreneurship Development Fund. The base loan rate cannot exceed UIRD+5% and 23% per annum. Funds are provided through authorized banks that meet established criteria.

Key Provisions:
– Loans are issued for purposes related to development, manufacturing, and repair of weapons
– The enterprise must be defined as critically important at the time of loan agreement signing
– Interest compensation is carried out monthly through escrow accounts
– Possibility of combining with other types of state support is provided
– Clear criteria for authorized banks and mechanisms for monitoring targeted use of funds are established

Lexcovery
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.