On May 28, President Volodymyr Zelenskiy submitted a draft law to ratify a loan agreement between Ukraine and the European Union, a parliament website posting shows.
The draft sets out a framework to attract up to €90 billion in financing, which the explanatory note converts to roughly $104 billion using an exchange rate of $1 = 0.8619 euros.
The posted document includes the draft law text and an accompanying explanatory note with the financial details.
On May 28, Ukrainian President Volodymyr Zelenskiy submitted a draft law to ratify a loan agreement with the European Union, according to a document posted on the Ukrainian parliament's website.
The draft law establishes a legal framework for Ukraine to attract up to €90 billion in financing under the proposed EU loan pact. An accompanying explanatory note included with the draft sets out the financial details and conversion used.
The explanatory note cites an exchange rate of $1 = 0.8619 euros, which makes the €90 billion figure roughly equivalent to $104 billion.
The document posted online provides the formal text and supporting materials for parliamentary consideration and outlines how the funds could be mobilized under the agreement.
Reporting by Jekaterīna Golubkova in Tokyo; editing by Clarence Fernandez.
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