EU guarantee supports EBRD in loans to key Ukraine companies

World

The European Bank for Reconstruction and Development and European Union are further strengthening their already close cooperation on supporting Ukraine in wartime, formalizing a commitment for the European Commission to provide guarantees to support EUR 70 million of recent EBRD loans to Ukrainian companies that provide vital services to the country's real economy.

These loans - part of the EUR 1 billion which the EBRD will invest in Ukraine in 2022, with donors and partners - include EUR 50 million in liquidity support to UkrZaliznytsya (UZ), Ukraine's railway company, and support for the country's pharmaceutical industry.

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