EXIM Signs Memorandum of Understanding with Ukraine’s Ministry of Economy
September 1, 2021
(Ex-Im Bank)
Agreement Expresses Intent to Facilitate
Procurement of U.S. Goods and Services for
Ukrainian Infrastructure Projects and Key
Sectors
WASHINGTON – Export-Import Bank of the United
States (EXIM) Acting President and Chairman
James Burrows and Deputy Vice Prime Minister of
Ukraine and Minister of Economy of Ukraine
Oleksiy Lyubchenko signed a Memorandum of
Understanding (MOU) between EXIM and the
government of Ukraine aimed at enhancing trade
and economic cooperation between the two
countries.
The signing took place on August 30 at EXIM
headquarters in Washington, D.C., following
discussions between EXIM and Ukrainian
government officials regarding strengthening
the economic relationship between the United
States and Ukraine through important export and
import sectors.
Under the MOU, EXIM and Ukraine’s Ministry of
Economy agreed to mutual communication
regarding opportunities to facilitate
procurement of U.S. goods and services by the
Ukraine government for projects that include
but are not limited to infrastructure such as
transportation, safety and security, and
healthcare. Cooperation is also anticipated in
other key sectors such as agriculture, climate,
energy, and digital economy.
“EXIM is pleased to sign this understanding
with Ukraine’s Ministry of Economy to advance
the trade and economic goals of both of our
countries,” said Acting EXIM President and
Chairman Burrows. “We believe in the mutual
economic benefits of developing Ukraine’s
infrastructure and other sectors, and American
companies provide some of the best, most
competitive products in the world to further
that goal.”
EXIM-supported financing is subject to the
agency’s due diligence and approval process
for each individual transaction, and any
transaction must comply with EXIM’s
requirements, policies, and procedures as well
as the requirements set forth in the
Arrangement on Officially Supported Export
Credit of the Organisation for Economic
Cooperation and Development (OECD).
EXIM has a long history of supporting U.S.
exports to Ukraine, including purchases of
U.S.-manufactured agricultural equipment since
the 1990s.
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