The EBRD and the war on Ukraine

We strongly condemn Russia's war against Ukraine. We are horrified by the loss of human lives and the scale of the destruction.

We have agreed to commit up to €3 billion over 2022-23 to help Ukraine’s businesses and economy keep functioning.  

Since the invasion, the EBRD has committed more than €1 billion to supporting the country’s ‘real’ economy.

EBRD commits up to €3 billion in 2022-2023

Our financing for Ukraine has already included emergency liquidity for its railway and electricity companies and support for Naftogaz. We are also one of the partners working on keeping trade routes open through the Solidarity Lanes initiative.  

Our President was the first head of a multilateral development bank to visit Kyiv since the war began.

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 The EBRD Resilience and Livelihoods package

Our Resilience and Livelihoods Framework is helping countries directly affected by the war, concentrating on:

  1. Energy security, including through emergency energy purchases to compensate for loss of imports from Russia and Belarus
  2. Municipal services and livelihoods for displaced persons,
  3. Trade finance
  4. Provision of liquidity for small and medium sized enterprises

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Donor support for Ukraine

Donor funding is a critical element of EBRD support for Ukraine and other countries affected by the war.

In 2022, the Bank has reached a significant milestone in its fundraising efforts by mobilising above €1.4 billion that have been committed by a wide range of its donors. This includes a range of financial instruments, including co-investment grants such as funded guarantees and capex grants, unfunded guarantees as well as technical cooperation grants for policy and expertise, to be used across several sectors to help protect Ukraine’s economy.

Donors who committed to contribute so far are:  The United States, Norway, France, Netherlands, Spain, The European Union, Canada, the United Kingdom, Italy, JapanSouth KoreaSwitzerland,  Taipei-Chinathe United Kingdom, Austria and Sweden.

PRIORITY AREAS AND PROGRESS

More on the EBRD and the impact of war on Ukraine

The EBRD calls for Chernobyl support after Russia’s occupation

Russia’s military occupation of Chernobyl has thrown into uncertainty decades of international cooperation in helping make safe the site of the world’s worst nuclear accident.

A better, more hopeful future for Ukraine and our regions

We’ve responded quickly and decisively to the war on Ukraine. Our initial €2 billion Livelihood and Resilience will support the country and neighbouring countries.

EBRD supports Ukraine and the region in the face of war

The EBRD's €2 billion Resilience and Livelihoods Framework will help Ukraine and the countries directly affected by the war.