KIEV, August 1 – The state administration for Ukraine's railway transport, Ukrzaliznytsia, plans to pay off $209 million of a loan attracted in 2004 from Deutsche Bank using assets from Barclays bank (Britain), Deputy Ukrzaliznytsia Director Anatoliy Chubynsky reported.

"$209 million will go to Deutsche Bank, and we would like to clean up our credit portfolio. We have expensive currency loans, with 10-15% in annual interest. We will pay off many loans, including hryvnia loans, and will allocate about UAH1.5 billion for repairs of the railways and purchasing equipment," he told journalists on Wednesday.