EBRD repurposes additional funds to boost
Ukraine rail company Ukrzaliznytsya

Thu, Sep 1, 2022

• EBRD repurposes €98.8 million to address UZ’s urgent liquidity needs, after earlier €50 million
• Funds to help maintain Ukrzaliznytsia’s stable and uninterrupted transportation services
• Support is part of EBRD’s resilience package for Ukraine and neighbouring countries

The EBRD is repurposing a further €98.8 million of an existing loan to Ukraine’s state railway cargo and passenger transportation provider Ukrzaliznytsya (UZ), after agreeing in June to repurpose an initial €50 million of the loan. The funds will allow UZ to address critical liquidity needs, ensuring vital railway passenger and cargo transport services are available for people and business affected by Russia’s war on Ukraine.

Read the article here: https://www.ebrd.com/news/2022/ebrd-repurposes-additional-funds-to-boost-ukraine-rail-company-ukrzaliznytsya.html

In praise of interconnectors

Mon, Aug 29, 2022

For Ukrainian energy officials, 24 February 2022 was always going to be a big day.

Years of planning to integrate Ukraine’s electricity network with that of the European Union – rather than of Russia and Belarus, a Soviet-era holdover partnership – was to be tested that day by briefly isolating Ukraine’s electrical transmission system to make sure it could work independently. If all went well, the test would be a step forward to integrating with the European grid by the end of 2023, via an interconnector that allowed Ukraine to link its grid through that of neighbouring Romania.

But, as it turned out, 24 February is now mostly remembered for a different reason. It was also the day Russia began its war on Ukraine.

“It coincided that the start of the war and planned date of isolated mode test were on the morning of 24 February,” says the EBRD’s Olga Yeriomina, a senior banker in the Energy Europe group.

Read the article here: https://www.ebrd.com/news/2022/in-praise-of-interconnectors-.html

EBRD supports Ukraine electricity company
with €97.3 million of finance

Fri, Aug 26, 2022

• EBRD repurposes €97.3 million loan to Ukraine power transmission company for liquidity
• Financing follows €50 million repurposed in May
• Support is part of €1 billion EBRD activity in Ukraine this year, with donors and partners

The European Bank for Reconstruction and Development (EBRD) and Ukrainian authorities have agreed the repurposing of the final €97.3 million of an existing loan to Ukrenergo, the country’s electricity transmission company, for emergency liquidity, after repurposing a first tranche of €50 million of emergency liquidity in May. The aim is to keep the lights on in a country whose economy has been hard hit by Russia’s war on Ukraine.

Read the article here: https://www.ebrd.com/news/2022/ebrd-supports-ukraine-electricity-company-with-973-million-of-finance.html

EBRD supports $8 million food security loan
to Ukraine agribusiness firm Astarta

Fri, Aug 26, 2022

• EBRD guarantees 60 per cent of US$ 8 million loan to support food security in Ukraine
• Unfunded risk-sharing agreement for Astarta is with UKRSIBBANK BNP Paribas Group
• Support is part of €1 billion EBRD activity in Ukraine this year, with donors and partners

As part of its efforts to boost food security in wartime Ukraine, the EBRD is backing more than half the risk of a US$ 8 million loan to Astarta Group, one of the country’s major agricultural and food processing businesses, through an agreement with partner bank UKRSIBBANK BNP Paribas Group. The EBRD’s share of the risk for the multicurrency working capital loan comes to US$ 4.8 million.

Read the article here: https://www.ebrd.com/news/2022/ebrd-supports-8-million-food-security-loan-to-ukraine-agribusiness-firm-astarta.html

EBRD supports Ukraine’s Bank Lviv with €10 million loan
for onlending to SMEs affected by war

Mon, Aug 15, 2022

• EBRD supports Ukraine’s Bank Lviv with up to €10 million A/B loan for on-lending to SMEs
• EBRD share of loan is €4.25 million; up to €5.75 million will be mobilised from B lenders
• The facility is under the EBRD Resilience and Livelihood Framework

The EBRD is helping Ukraine’s Bank Lviv diversify its funding base and support small and medium-sized enterprises (SMEs) to withstand the negative shocks caused by war through a €10 million A/B loan for on-lending to private businesses, including clients from food security sectors and those who relocated their businesses to the western part of Ukraine.

Read the article here: https://www.ebrd.com/news/2022/ebrd-supports-ukraines-bank-lviv-with-10-million-loan-for-onlending-to-smes-affected-by-war.html

USA contributes US$ 500 million to EBRD Ukraine response

Mon, Jul 27, 2022

• United States of America contributes US$ 500 million in donor funds to the EBRD’s response to the war on Ukraine
• Funds to accelerate the roll-out of the Bank’s Resilience and Livelihoods Framework for Ukraine and neighbouring countries
• EBRD channelling donor support through the Crisis Response Special Fund

The EBRD and the United States of America have joined forces to respond to the impact of the war on Ukraine. With a contribution of US$ 500 million to the EBRD Crisis Response Fund, the USA is confirming its strong commitment to support Ukraine through the Bank’s Resilience and Livelihoods Framework.

Read the article here: https://www.ebrd.com/news/2022/usa-contributes-us-500-million-to-ebrd-ukraine-response-.html