EBRD receives €40 million from the Netherlands for operations in Ukraine

EBRD receives €40 million from the Netherlands for operations in Ukraine

€40 million from the Netherlands to support the EBRD’s work in Ukraine

The European Bank for Reconstruction and Development (EBRD) and the government of the Netherlands continue to work together to support Ukraine and the Ukrainian people.

During the EBRD Annual Meeting and Business Forum 2023, the Netherlands, a founding member of the EBRD and solid partner, is making €40 million in grants available to support the Bank’s operations in Ukraine.

This follows a previous contribution of €72 million in grant support to an EBRD loan which benefits Ukrenergo, Ukraine’s electricity transmission company. This is helping the energy provider to ensure urgent repairs to infrastructure which has been heavily bombed during Russia’s war on the country. Furthermore, the Netherlands provided €25 million in guarantees to support private companies that operate in critical parts of Ukraine’s agricultural sector, including farming, food processing, transport and imports.

The EBRD has strongly condemned the Russian invasion of Ukraine from the start. It has provided vital support in an immediate and wide-ranging response, channelling finance and assistance where it is most needed. The Bank has continued to disburse funds to clients, supporting trade finance, energy security, food security and the private sector, and providing vital infrastructure and liquidity to municipalities.

The Netherlands is part of a growing group of donors that have responded through the EBRD and provided financial and technical support to meet Ukraine’s most urgent needs during the war. So far, some €1.5 billion has been generously made available to keep the Ukrainian economy going.

The EBRD is supporting Ukraine and its real economy at a time when the country needs it most. The Bank has committed to providing €3 billion of financing over 2022 and 2023 in partnership with international donors to help keep Ukraine’s businesses and economy functioning. In 2022 the EBRD deployed €1.7 billion in support of Ukraine. It also mobilised €200 million directly from partner financial institutions. The Bank has been operating in Ukraine for more than three decades and is the largest institutional investor in the country.

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