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This year EBRD will reduce its investments in Ukraine, - Chakrabarti
14:43, 28 May 2016
This year EBRD will reduce its investments in Ukraine, - Chakrabarti

Sum of investments will amount to EUR 1 billion

14:43, 28 May 2016

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The political crisis in Ukraine paralyzed the decision-making mechanism in the first quarter, so the European Bank for Reconstruction and Development (EBRD) this year plans to invest less money in Ukraine. This was stated by EBRD President Suma Chakrabarti in an interview with Reuters.

"I do not think that this year we will get closer to the mark of around 1 billion euros. Frankly, the current country's political situation in the first quarter of this year says that no decisions have been taken, and we are only now begin to work" - he said.

EU, EBRD to assign EUR 28 mln to support Ukrainian small and medium business

Let us note, earlier the EBRD stated that the exact amount of investments in Ukraine, scheduled for this year will depend on the reforms in the country. EBRD is one of the largest foreign investors in Ukraine, and the total volume of its projects in the country in 2014-2015 amounted to about 2.2 billion euros. 

Related: EBRD to allocate EUR 40 mln for construction of nuclear waste repository at Chornobyl NPP

Related: EBRD President commented on Yatsenyuk resignation

Related: EBRD plans to invest about 1 billion euros in Ukraine in 2016

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