Cabinet approves draft agreement for €100 million aid from Poland

Cabinet of Ministers has approved signing of an agreement with the Polish government for a tied aid loan by Poland.

This is reported by Censor.NET citing government portal.

According to government decree No. 855-p of Aug. 19, 2015, the Ukrainian Finance Minister Natalie Jaresko is authorized to sign the agreement. "The agreement will allow attracting to the state budget of Ukraine a soft loan of 100 million euros intended for various investment projects inside the country. It also allows Ukrainian government to receive loans to fund cross-border road infrastructure projects and arrangement of border crossing points at the Ukrainian-Polish border, as well as other projects to be agreed upon by the parties and financed under separate contracts between Polish exporters and residents of Ukraine," the report reads.

As reported before, in January 2015, referring to the Prime Minister Arsenii Yatseniuk, Poland's government announced a loan program for Ukraine in the amount of 100 million euros for a 10-year period. In April, Yatseniuk informed that Ukraine and Poland had reached an agreement to spend half of the loan on construction of roads leading to checkpoints at the Ukrainian-Polish border.