KYIV, April 3 – Ukraine expects to receive $2.1 billion in the equivalent of soft loans from the government of the Republic of Korea through the Economic Development Co-operation Fund (EDCF) over the next five years for the purchase of equipment and restoration projects, the Ministry of Economy reported on Tuesday.

"Another step has been taken towards finalizing all necessary internal procedures and beginning the practical implementation of agreements with our Korean friends. Ukraine or a resident of Ukraine who receives a state guarantee will be able to attract preferential loans from EDCF. The funds will be used for buying equipment and restoration projects," the press service quoted the words of First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko.