KIEV, Sept. 15 – Ukraine's State Food-Grain Corporation has used $400 million of the first tranche of a Chinese loan worth $1.5 billion.

The corporation said on its website, referring to Deputy Chairman Andriy Repko, that the sum was used to buy grain and industrial crops in Ukraine and to finance expenses on grain supplies to CCEC Corporation under the cooperation agreements.

State Food-Grain Corporation said that the rest of the funds remain in the corporation's accounts at Ukreximbank.