Dentons advised Export Development Canada on two loans to Ukraine
Dentons Kyiv advised Export Development Canada (EDC), Canada’s export credit agency, in connection with two loans to Ukraine for the total amount of CAD 400 million. The loan agreements were made between Ukraine represented by the Minister of Finance of Ukraine acting on the Instructions of the Cabinet of Ministers of Ukraine and Export Development Canada as agent for Her Majesty the Queen in Right of Canada. Canada’s initial CAD 200 million loan was provided to Ukraine in September 2014 and the second CAD 200 million loan was provided to Ukraine in March 2015. The loan funds will be used to stabilize Ukrainian economy and promote social development. The Dentons Kiev team, led by partner Natalia Selyakova, worked with the EDC in-house legal team.