Ukraine plans to suspend payments to the Export-Import Bank of China on a loan issued to the State Food and Grain Corporation of Ukraine. This is stated in the draft amendments to the Ukrainian state budget for 2025.
‘The Cabinet of Ministers will ask the Rada to grant it the right to temporarily suspend payments on this loan, which is due in 2030,’ the document says.
According to the draft amendments, the Ukrainian authorities hope that such a move will allow Ukraine to obtain more favourable loan repayment terms from the Chinese bank.
Earlier, Verkhovna Rada deputy Alexander Dubinsky said that Ukraine was suffering a defeat in the diplomatic arena, as confirmed by the failure of negotiations with Russia in Istanbul.
