FT: EBRD set to double annual financial aid to Ukraine to €3bn

The European Bank for Reconstruction and Development (EBRD) intends to double the annual financial aid it provides to Ukraine to €3bn.

This is reported by the Financial Times.

It is noted that the bank intends to increase its authorised capital by €4bn.

According to EBRD President Odile Renault-Basso, the increase in capital with significant support from shareholders demonstrates that the assistance to Kiev will not weaken.

Earlier, the World Bank (WB) announced the allocation of additional financial support to Ukraine in the amount of $1.34bn.