EBRD will allocate another 200 million euros to Ukraine

EBRD will allocate another 200 million euros to Ukraine

The European Bank for Reconstruction and Development will provide Ukraine with additional financial assistance in the amount of 200 million euros.

This was reported by the press service of the Ministry of Finance following a meeting with representatives of the organization.

The money will be used to create strategic natural gas reserves and support the country’s energy security.

The timing of the allocation of funds has not yet been disclosed. At the same time, the Ministry of Finance noted that as of mid-July, ten joint projects with the EBRD with a total value of 2.1 billion euros are at the implementation stage.

“The EBRD remains the largest institutional investor in Ukraine. Thanks to close cooperation with the Bank, we are implementing projects in the energy sector, providing liquidity support to key enterprises in the public sector of the economy, restoring infrastructure and operating businesses in the private sector,” said Finance Minister Serhiy Marchenko.