UKRGASBANK import deal is one of the best in 2022, according to Global Trade Review

Every year, the Global Trade Review (GTR), the most authoritative publication in trade finance, chooses the best market offers for the previous year. The best deals are selected among trade, supply chain, and export-import transactions under applications submitted to GTR.

The import agreement of UKRGASBANK for the agricultural machinery distributor ‘Technotorg’ LLC became one of the 16 best transactions of 2022. Thanks to the agreement, the company imported agricultural machinery manufactured by CNHI International, while the EBRD covered 100% of the political and payment risks of UKRGASBANK, as the issuing bank, and ING Bank, Milan, Italy, issued a guarantee. 

This agreement allowed the Ukrainian farmers to use the agricultural machinery necessary to operate throughout the extremely difficult 2022.

The EBRD notes that the deal concluded amid ‘significant political and economic trade barriers,’ helps Ukrainian farmers to grow and gather the harvest and ultimately export grains to countries facing food insecurity.

The state-owned UKRGASBANK continues to hold a leadership position in trade finance in the Ukrainian market. Since the start of the full-scale war, the Bank has focused on critical import and export support deals. On average, UKRGASBANK concludes about 50 deals for its customers every month.

03.05.2023