Ukraine is in talks with China to receive a $3 billion loan under government guarantees from the Export-Import Bank of China to resume irrigation of farmland in the south of the former communist Black Sea country.
The talks are “in the final stage,” Ukrainian Agriculture Minister Mykola Prysyazhnyuk said today in Kiev. The project will begin in the middle of 2014 and will help supply water to 1.2 million to 1.4 million hectares of farm land, he said.
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Kateryna Choursina, Bloomberg via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/QK2rDZaBRzU/
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