Avellum has advised the Ministry of Finance of Ukraine on a defense loan guaranteed by UK Export Finance that will be used to finance the purchase, modernization, and maintenance of two Sandown-class mine countermeasure vessels for the Ministry of Defence of Ukraine. Sayenko Kharenko and, reportedly, Ashurst advised UK Export Finance.
According to Avellum, "the loan was provided under the UK-Ukraine Framework Agreement on Official Credit Support for the Development of the Capabilities of the Ukrainian Navy. This Agreement anticipates further cooperation between the two countries, including UK consultancy and technical support for the building of naval infrastructure for the Ukrainian Navy."
The Avellum team included Senior Partner Glib Bondar and Associates Yaroslav Pavliuk, Andrii Kroshko, Olha Harhola, and Inna Hontaruk.
The Sayenko Kharenko team included Partner Anton Korobeynikov, Senior Associate Oles Trachuk, and Junior Associate Artem Medvetskyi.