Peter Saba, Ex-Im Bank Chief Operating Officer and General Counsel, and Viktor V. Kapustin, Ukreximbank Chairman of the Board, signed the agreement in the presence of President of Ukraine Victor A. Yushchenko. "We consider the United States as a strategic partner in all fields, including economics," Chairman Kapustin underlined, "and this Memorandum is the first step to facilitate the deepening of our cooperation for the benefit of businesses of both Nations." "Ukraine is an important partner of the United States", said Saba, "and we believe that its future holds significant promise for growth and investment."
Under the agreement, Ex-Im Bank and Ukreximbank intend to work together to establish a Credit Guarantee Facility of up to US $ 50 million with Ukreximbank as obligor, under which Ukreximbank would make credits available to Ukrainian purchasers of U.S. goods and service exports. The MOU also encourages joint exchanges of information in an effort to facilitate transactions involving U.S. exports to Ukraine.
Print version