EBRD will invest up to 3 billion euros in Ukraine by end-2023

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The lender said it had committed more than 1 billion since Russia invaded Ukraine on Feb 24 and it was aiming to triple that by end-2023, focussing on channelling funding towards maintaining energy and food security, restoring rail infrastructure, and supporting the pharmaceutical industry.

Discussions were underway to scale up funding for urgent repairs of the electricity grid and support municipal authorities in Kyiv, Lviv and Dnipro, the EBRD said in a statement.