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18 April 2022

Sayenko Kharenko advises French Development Agency on EUR 300 million credit support to Ukraine for financial, economic and humanitarian needs

On 28 March 2022, Agence Française de Développement (French Development Agency, AFD) and Ukraine signed a EUR 300 million credit facility agreement providing for a loan for the account of the French State and at the demand of the French Ministry of Economy, Finance and Recovery. This credit facility aims at supporting Ukraine in addressing its essential public services needs and restoring key macroeconomic balances in the context of major humanitarian and economic crises.

Sayenko Kharenko has acted as Ukrainian legal counsel to French Development Agency in connection with this financing.

Sayenko Kharenko partner Anton Korobeynikov comments: “In this transaction, we have seen a high degree of commitment and professionalism of the AFD and the Ministry of Finance teams, which enabled the parties to complete the financing in a very short time. We are grateful for the support France is providing to our country in the times of a full-scale invasion by Russia.”

Sayenko Kharenko team was led by partner Anton Korobeynikov and included associates Oles Trachuk, Vladyslava Mitsai and Oleksandr Motin.

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