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Avellum Advises the Ministry of Finance of Ukraine on Sovereign Loan from Canada

Avellum Advises the Ministry of Finance of Ukraine on Sovereign Loan from Canada

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Avellum has advised the Ministry of Finance of Ukraine on a CAD 500 million 10-year loan from Canada. Sayenko Kharenko and Borden Ladner Gervais reportedly advised the lender.

Export Development Canada was the administrative agent. According to the firm, the loan will be used in a manner consistent with macroeconomic parameters and policy commitments made by Ukraine under its current International Monetary Fund Program or subsequent programs.

Export Development Canada is Canada’s export credit agency, facilitating Canadian companies to enter new markets, reduce financial risk, and grow internationally.

"This financial support from international partners makes a vital contribution in maintaining the financial system stability and responding to social and economic consequences of Russia’s invasion of Ukraine," Avellum Senior Partner Glib Bondar commented.

The Avellum team was led by Bondar and included Senior Associate Oleg Krainskyi and Associates Anastasiia Zhebel, Oleksandra Mohylna, and Yaroslav Pavliuk.


Avellum at a Glance

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com