China Lends Ukraine USD 3.6 B

Ukraine | February 21, 2015, Saturday // 11:33|  views

Ukrainian President Petro Poroshenko speaks to Ukrainians during the commemoration ceremony of Maidan activists who were killed on the Maidan during anti-government protests in 2014. Photo:EPA/BGNES

Ukraine's Minister of Energy and Coal Mining Vladimir Demshichin has announced that China will credit Ukraine with USD 3.6 B.

The financial aid will be provided for energy diversification projects and attempts to substitute natural gas with alternative sources, as announced by UNN news agency.

Modernizing of thermoelectric power plants, heating systems and a possible building of new gas station in Odessa are among the possible investment choices.

Meanwhile, the situation in Ukraine's Donetsk and Luhansk remains tense.

The Minsk ceasefire deal launched last Sunday has not been fully implemented, as a number of bombings followed. Ukrainian forces have retreated from some of the problematic regions.

However, tensions on political level remain, as Ukrainian President Petro Poroshenko requested Thursday deployment of UN peacekeepers or EU police mission to assist in the peacekeeping operations. Russia has expressed its disagreement.

The issue will also stand in the center of attention at political talks to be held this Saturday between US Secretary of State John Kerry and his British counterpart Philip Hammond.

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Tags: Ukraine, Russia, Vladimir Demshichin, John Kerry, Philip Hammond, China, Donbas, Luhansk, Donetsk, Petro Poroshenko


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