Since the start of full-scale invasion, EBRD's assistance to Ukraine has reached almost EUR 4 billion
The financial assistance of the European Bank for Reconstruction and Development (EBRD) since the beginning of the full-scale invasion has amounted to almost EUR 4 billion.
This was discussed during a meeting between Minister of Finance of Ukraine Sergii Marchenko and President of the European Bank for Reconstruction and Development (EBRD) Audrey Renaud-Basso, Ukrinform reports citing the press service of the Ministry of Finance.
"Since the beginning of the full-scale invasion, the Bank's assistance has reached almost EUR 4 billion. As of June 2024, the total amount of EBRD financing provided to Ukraine over the entire period of cooperation is about EUR 19.5 billion," the statement said.
The public sector is implementing 10 joint projects with a total loan volume of EUR 2.1 billion. In 2024, these projects disbursed more than EUR 154.3 million.
"Russia's full-scale aggression continues to create difficult economic conditions for Ukraine. The EBRD is our key partner, providing financing to support liquidity and stable operation of key areas of the public sector, which is critical for the state and citizens in times of war. We greatly appreciate the Bank's determination and commitment to support Ukraine and the significant increase in project investments," Marchenko said.
EBRD Managing Director Odile Renaud-Basso stressed that the energy and private sectors, as well as municipal infrastructure, remain the Bank's key areas for mobilising financing. The importance of promoting the country's energy security and stabilising the electricity market in Ukraine was once again emphasised, especially in the context of Russia's systematic energy terror.
Representatives of the Bank expressed their intention to continue supporting the Government of Ukraine in the development and restoration of priority economic sectors. In particular, by mobilising resources to support initiatives in the energy, municipal and transport sectors.
As reported, the European Bank for Reconstruction and Development will provide EUR 300 million to Ukraine to help ensure stable and uninterrupted electricity supply.