Communal employees clear an space round homes broken by yesterday’s Russian army strike, as Russia’s assault on Ukraine continues, in Chaplyne, Dnipropetrovsk area, Ukraine August 25, 2022. REUTERS/Dmytro Smolienko

WASHINGTON, Aug 30 (Reuters) – The top of the U.S. Export-Import Financial institution and a senior Ukrainian growth minister on Tuesday pledged to maintain engaged on U.S. financing alternatives to assist Ukraine’s power safety and infrastructure, the export credit score company mentioned.

The assembly between EXIM Chair Reta Jo Lewis and Ukrainian Minister for Communities and Territories Growth Oleksiy Chernyshov got here precisely a yr after EXIM and Ukraine signed a memorandum of understanding to determine $three billion in EXIM-supported export financing tasks for Ukraine, together with street, rail and power infrastructure.

That got here practically six months earlier than Russia launched an invasion that has devastated Ukraine’s infrastructure, actions that Moscow calls “a particular operation”. Lewis mentioned EXIM now additionally stood prepared to assist Ukraine rebuild with U.S. exports supported by the company.

“Russia’s actions is not going to deter EXIM from financing tasks in Ukraine, and I echo President Biden’s sentiments after I say that EXIM stands able to be a part of Ukraine’s efforts to rebuild,” Lewis mentioned in a press release after the assembly, additionally attended by Ukraine’s ambassador to the USA, Oksana Markarova.

“We’ll work to offer sustainable financing options that strengthen Ukraine’s infrastructure and prosperity,” Lewis added.

In March, lower than a month after Russia’s invasion began, EXIM and its fellow export credit score businesses in Britain and Canada withdrew all new export credit score assist for Russia and Belarus. learn extra

Reporting by David Lawder; Modifying by Kenneth Maxwell

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