KIEV, Sept. 21 – The government has agreed to a proposal of the Agricultural Policy and Food Ministry to attract a $3 billion government-secured loan from Export-Import Bank of China for State Food-Grain Corporation.

Cabinet resolution No. 857 of August 13, 2012 was published recently. According to the resolution, the credit rate is 0.01% per annum.

The loans are to be used to realize projects in agriculture that have been assessed by the Economic Development and Trade Ministry under a procedure set in Ukrainian law.