Support Russia Insider - Go Ad-Free!

Turkey Offers Ukraine $50 Million Loan

Turkey also offered Ukraine $10 million in humanitarian assistance


(Reuters) - Turkey has offered a $50 million loan to Ukraine to help cover its budget deficit, Ukrainian President Petro Poroshenko said in a joint press conference with Turkish counterpart Tayyip Erdogan.

"I'm grateful to Erdogan for the decision to offer a loan of $50 million towards covering the budget deficit," Poroshenko said following a one-on-one meeting with Erdogan, who was on an official visit to the Ukrainian capital.

<figcaption>More money Kiev can't pay back</figcaption>
More money Kiev can't pay back

Turkey also offered Ukraine $10 million in humanitarian assistance, Poroshenko said.


Support Russia Insider - Go Ad-Free!

Our commenting rules: You can say pretty much anything except the F word. If you are abusive, obscene, or a paid troll, we will ban you. Full statement from the Editor, Charles Bausman.