• Українською
  • Government agreed on changes that will unlock the use of loan from Poland
    Ministry of Finance of Ukraine, posted 29 April 2020 14:31

    Ukraine will receive cheap financial resources for the construction of border road infrastructure and the development of the Ukrainian-Polish border crossing points. On April 29, the Government agreed to amend the Tax and Customs Codes of Ukraine, thereby allowing to unlock the use of a EUR 100 million loan from the Republic of Poland. Funds are raised at a 0.15% annual rate for a period of 30 years.

    The loan agreement between the Governments of Ukraine and the Republic of Poland came into force in April 2016, however, due to difficulties with the implementation of contracts by Polish companies contracted by Ukravtodor, Automobile Services in Lviv and Volyn regions, State Fiscal Service (successor - State Customs Service), in particular, with the import and purchase of the necessary goods on the territory of Ukraine, the loan takedown amounted to only EUR 5.8 million.

    The agreed changes clarify the list of operations, tax-exempt goods, customs payments on the territory of Ukraine within the framework of the implementation of the respective agreement between the governments of the two countries.

    Under the agreement, Ukravtodor will receive EUR 68 million (construction of road infrastructure on approaches to 6 checkpoints on the Ukrainian-Polish state border), SCS (State Customs Service) - EUR 25 million (development of Shehyni, Krakowiec, Rava-Ruska), ASBSU (Administration of the State Border Service of Ukraine - 7 million euros (reconstruction of 7 Border Service departments).