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Ukrainian PM announces soft loans for retail chains

This will let them replenish working capital, keep stores open and pay Ukrainian manufacturers for products in a timely manner

Ukrainian PM announces soft loans for retail chains

The Ukrainian government has made a decision that will allow retailers to get soft loans of up to 1 bn hryvnyas [TN note: about 34m dollars] for a period of a year at a 5% rate.

This was stated by Prime Minister Denis Shmygal during a meeting of the cabinet on April 5th, the cabinet’s website reported this evening.

"Today, food chains have become objects of critical infrastructure. The Government is closely cooperating with such networks to ensure all towns and villages have food, social goods and basic necessities,” the PM stressed.

Denis Shmygal emphasized that the state will help the retailers, because it understands that they face a large amount of problems.

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