Resolution Approves Conditions for Ukraine to Receive Loan from Federal Financing Bank (USA) for Up to USD 20 Billion under USAID Guarantees. Funds will be received through a special World Bank Financial Intermediary Fund to Strengthen Ukraine. The document consists of two parts: the resolution itself and an annex with the main terms of the transaction. The main conditions detail the mechanism for providing the loan through the execution of three key documents: certificate purchase agreement, guarantee and loan repayment agreement, and issuance of a debt certificate. Key loan conditions:
– Repayment Term: 40 years
– Interest Rate: 1.3% per annum plus the rate for 52-week U.S. Treasury bills
– Repayment will be primarily from frozen Russian assets
– Annual interest payments by August 31, starting from 2025
– Creditors have limited rights to demand loan repayment from the state budget in case of compensation from Russia for damages caused