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Chinese authorities intend to return a loan for 3 billion dollars, granted to Ukraine through the court

The Minister of Agrarian Policy and Food of Ukraine Igor Shvaika confirmed that China has filed a lawsuit against Ukraine. We are talking about the return by the country of $ 3 billion received in the form of a loan for grain purchases. The claim was filed with the London Arbitration Court. "The past management submitted false information that there are no claims against us from China. There are discrepancies and different interpretations under the contract, which led to the Chinese side's appeal to the Gaft court, which operates in London. There is a registered dispute between the parties," reports RBC-Ukraine with reference to the minister's statement.

Igor Shvaika also noted that some heads of the State Food and Grain Corporation of Ukraine PJSC provided inaccurate information. "These people have now been suspended for the duration of the inspection," the minister said. works in London A registered dispute exists between the parties.

Recall that in 2012, the State Food and Grain Corporation and the Export-Import Bank of China agreed to provide the Ukrainian corporation with a loan of 3 billion dollars. The money was to be sent for forward and spot purchases of grain for further delivery to China. The company received the first tranche of 1,5 billion dollars at the beginning of 2013. The second half of the loan is commodity and Ukraine is obliged to purchase Chinese goods. However, Ukraine supplied grain only for 153 million dollars, violating the contract. Instead, Ukrainian grain was supplied to Ethiopia, Iran, Switzerland, Egypt, and other countries.

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