Ukraine Recap: EBRD Nears Capital Boost to Aid Reconstruction
A worker examines a damaged building in Chernihiv, Ukraine.
Photographer: Andrew Kravchenko/BloombergThe European Bank for Reconstruction and Development is closing in on a decision to approve a capital increase of €4 billion ($4.3 billion) to support Ukraine’s reconstruction, according to people familiar with the matter.
The European Union’s executive arm said it’s providing Kyiv with €100 million in humanitarian aid and Moldova with €10 million to support refugees and host communities, while also deploying 84 more power generators in Ukraine ahead of winter.
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Ukraine Recap: EBRD Nears Capital Boost to Aid Reconstruction