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Cabinet will ask NBU/commercial banks to postpone agrarians credits repayment
01.06.2007 12:32 "Agro Perspectiva" (Kyiv) —
As to Agrarian-Industrial Complex Vice Premier Viktor Slauta, Cabinet is going to urge National Bank of Ukraine (NBU) as well as commercial banks to delay redemption of credits earlier attracted by country agrarians until period after grains harvesting or up till 2008.
Slauta made it known Cabinet will address NBU/commercial banks in short run; Cabinet took this decision due to drought making it impossible for agricultural companies to repay attracted credits in due time.
As to Agro Perspective earlier report, total area of Ukrainian sown crops to be resown is 400,000 ha. In meanwhile, 10 mn ha of country sown areas are suffering from drought.
As to Agro Perspective, as of early May, agrarians had attracted in total UAH3.4 milliard credits.
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