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change in the market price of Ukrainian eurobonds or their new issue on terms defined by the loan agreement.
This is not the first time the government has taken expensive commercial bridge loans to cover funding needs while it negotiates with the IMF over aid.
The Finance Ministry also said that in 2020 it raised another private loan for €250mn from Cargill Financial Services International, Inc. According to resolution of the Cabinet of Ministers No. 717 of August 17, interest rates were set at the level of 5.95% per annum for contracts with maturity in three years and at 6.85% in five years, Interfax reports.
In general, last year, Ukraine's external borrowings, according to the Ministry of Finance, amounted to UAH232.3bn, or 92.4% of the plan, and domestic to UAH389.2bn, or 94.6% of the plan.
2.3 Akhmetov, Kolomoisky control more than a third of Rada MPs
About 100 MPs of Ukraine’s parliament have worked this session in the interests of billionaire Rinat Akhmetov, while about 70 MPs have worked in the interests of billionaire Ihor Kolomoisky, according to the investigations of the bihus.info news site on January 11.
Such work includes writing legislation advantageous to these oligarchs, voting for bills advantageous to them, undermining disadvantageous bills, submitting amendments and riders to bills, submitting complaints to the Constitutional Court, submitting claims with law enforcement bodies, participating in parliament investigative commissions and conducting media attack campaigns. Currently, the Rada has 422 active MPs.
“We identified billionaires Akhmetov and Kolomoisky as the most powerful players in Ukrainian politics as early as April. And much of the Ukrainian public
9 UKRAINE Country Report February 2021 www.intellinews.com
