EBRD to commit up to EUR 3B to Ukraine by late 2023

EBRD to commit up to EUR 3B to Ukraine by late 2023

The European Bank for Reconstruction and Development (EBRD) will commit up to EUR 3 billion over 2022-2023 to help Ukraine’s businesses and economy keep functioning.

The relevant statement was made by the European Bank for Reconstruction and Development (EBRD), an Ukrinform correspondent reports.

Since the Russian invasion started, the EBRD has committed more than EUR 1 billion, and is planning to triple that figure by the end of 2023.

“Its primary focus will be to support the ‘real’ economy – maintaining energy and food security, restoring rail infrastructure, and supporting the pharmaceutical industry,” the EBRD noted.

According to EBRD President Odile Renaud-Basso, her recent meeting with Ukrainian President Volodymyr Zelensky left “no doubt about the scale of assistance needed, and the EBRD is determined to do all it can to play its part”.

“The EBRD is the largest institutional investor in Ukraine, and has links there stretching back 30 years. It is appalling to see the damage done by Russia’s invasion, and yet also moving to see the resilience of the population. I said it on February 24th, and I will keep saying it – we stand by Ukraine,” Renaud-Basso added.

A reminder that, in September 2022, the European Bank for Reconstruction and Development (EBRD) announced the allocation of EUR 98.5 million in additional liquidity support to Ukrzaliznytsia JSC.


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