Ukraine is to receive additional guarantees of €200 million ($233 million) and other assistance worth €115 million to ensure that its companies can access financing even during the war with Russia, the European Bank for Reconstruction and Development (EBRD) and the European Union said on Friday.
Under the so-called Ukraine Investment Framework, the EBRD and the EU will provide grants of €105 million and technical assistance worth €10 million, the two institutions said on the sidelines of the EBRD annual meeting in Riga.
A further programme to support Ukraine's private sector was also launched.
The co-financing is intended to unlock new loans in Ukraine worth €2 billion through EBRD partner financial institutions, it said. The Ukraine Investment Framework is a core financial component of the EU's Ukraine Facility, an aid programme of up to €50 billion for 2024 to 2027.
Through guarantees and blended finance, it is intended to mobilize public and private investment.
With Western support, Ukraine has been defending itself against a Russian invasion for more than four years. Since the start of the war in February 2022, the EU and its member states have pledged aid in the hundreds of billions, ranging from military and financial support to assistance for refugees.
