Ukraine to attract more than USD 1 bln for agriculture

Prime Minister Yulia Tymoshenko said yesterday that Ukraine intends to attract external loans, secured by state guarantees, totaling more than USD 1 bln in order to develop the agricultural sector. In particular, Tymoshenko said the financing will be used by cooperative ventures to acquire technology and equipment for grain storage, and milk processing. In July the Cabinet of Minister approved of two loans secured by state guarantees from the Japanese Bank for International Cooperation for USD 300 mln each, targeted at the two aforementioned areas.