Sayenko Kharenko has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing EUR 25 million loan to the city of Dnipro under EBRD’s Resilience and Livelihoods Framework.
The EBRD’s loan will be used to provide liquidity support for Dnipro’s municipality and its key municipal companies. The emergency funds will ensure the continuous provision of public services to the city’s growing population.
EBRD is the largest international financial investor in Ukraine. EBRD has made a cumulative commitment of more than EUR 15 billion since the start of its operations in the country in 1993 and pledged to provide EUR 3 billion of support for the country’s economy by the end of 2023.
Dnipro, Ukraine’s fourth largest city, is the major centre in south-eastern Ukraine, with a population of around a million people.
Sayenko Kharenko team was led by partner Igor Lozenko and included senior associate Oles Trachuk and associate Oleksandr Motin.
