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The financing arrangements for the first phase of the Vamed contract,
including its reliance on guarantees and servicing from Ukrainian and
Austrian governmental entities, follow well-established international
practices for supporting a major export transaction.
To address this urgent need, state-owned enterprise Ukrmedpostach
entered into a contract with Vamed for the provision of medical
equipment, including
1,000 Opel Combo vehicles. The hope was that
“[f]itting out primary medical and sanitary care institutions with
modern medical equipment and means of transport [would] make it
possible to render expert medical care and qualified emergency care
to patients residing in [Ukraine’s] distant and hard-to-reach areas.”
To finance the bulk of the Vamed contract, an Austrian private bank,
Unicredit, furnished a
€85 million loan to a Ukraine governmental
entity, Ukrmedpostach, at an annual interest rate of
5.5%.
This loan was guaranteed by the Ukraine Government acting through
its Cabinet of Ministers and Ministry of Finance. This guarantee is
expressly referenced in the financing agreement.
Социальные закладки