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financing:
Business entities and the population are affected by the armed aggression of Russia.
The agricultural sector, to provide food for the country. Enterprises (objects) of critical infrastructure.
The food industry, food retail, and related industries to ensure food security..
Infrastructure projects aimed at the restoration/development of social, transport, and critical infrastructure.
National transportation and logistics infrastructure and projects related to the development of new logistics solutions.
Support for the relocation of enterprises located in regions of Ukraine where active hostilities are taking place.
Production facilities for products previously imported from Russia and Belarus.
Entrepreneurs have received 738 loans under the Affordable 5-7-9% Loan program. At the end of April, 738 soft loans totaling UAH 3.09B ($94M) were issued within the framework of the state program Affordable 5-7-9% Loans. Since the start of the program, 38,462 loans have been issued from authorized banks for a total of about UAH 102.6 B. Under martial law, one of the priorities of the Ministry of Finance remains state support for business development, which is being carried out, including through the Affordable Loans program initiated by the President of Ukraine, Volodymyr Zelenskyy. The loans that have been given include:
● Entrepreneurs received UAH 10.2B ($312M) for investment purposes;
● UAH 57.7B ($1.8B) in anti-crisis loans were issued;
● UAH 24.8B ($780M) was issued in the refinancing of previously
received loans;
● UAH 9.3B ($290M) was issued to farmers and agricultural
producers.
The Payoneer payment platform has been integrated into Privat24. As a result, users will be able to link their accounts and withdraw funds to bank cards. The state-owned PrivatBank and the Payoneer payment system have launched integration into the Privat24 mobile application. PrivatBank reported that the integration allows you to register through Privat24, log in to Payoneer from the banking application, link an account, and view debit transactions through PrivatBank. Users will also be able to withdraw funds from Payoneer to cards and accounts of individuals and sole proprietors. Integration also avoids correspondent bank fees for SWIFT payments from Payoneer.
New strategic directions for public sector banks during martial law. The Cabinet of Ministers approved the strategic directions of activity for public sector banks during martial law and post-war economic recovery, announced the Ministry of Finance. In particular, the priorities of public sector banks are financing:
● Business entities and the population are affected by the armed aggression of Russia.
52 UKRAINE Country Report XXXX 2018 www.intellinews.com