The Ukrainian Metal

Ukraine: state banks criticized for not lending to state mines

The minister of energy and coal industry Igor Nasalik criticizes the Ministry of Finances and state banks for not providing loans to state mines under state guarantees.

“Unfortunately, I know how state banks finance Ukrainian economy. I have experienced this when preparing state guarantees for the coal industry financing”, he said.

Earlier the ministry informed that the state coal enterprises never received 1 billion UAH of loans under state guarantees envisaged in the 2017 budget. (Ukrainian metal)

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