The European Bank of Reconstruction and Development (EBRD) is boosting trade finance support for Ukraine by €100 million.
This substantial increase will support Ukraine’s general trade and food security as the country grapples with keeping its economy working following its invasion by Russia.
These measures are part of €1 billion of activity that the EBRD intends to undertake this year in Ukraine, in cooperation with donors and other partners.
The latest increase raises to €330 million the envelope for Ukraine under the EBRD’s Trade Facilitation Programme. This revolving facility will support at least €500 million of export and import transactions by Ukrainian companies via ten EBRD partner banks, on an annual basis.
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