EBRD President: Political crisis slows lending in Ukraine

EBRD President: Political crisis slows lending in Ukraine

Political impasse in the first quarter of 2016 slowed investments in Ukraine.

EBRD President Suma Chakrabarti said this in an interview with Reuters.

"This year, I don't think we'll get anywhere near 1 billion euros because, frankly, the political situation in the first quarter of the year meant that no decisions were being taken and we're only now getting going," he said.

Chakrabarti noted that EBRD was one the biggest foreign investors in Ukraine: the projects were worth about 2.2 billion euros in 2014 and 2015 combined.


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