Sayenko Kharenko has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing a EUR 50 million loan to Ukrainian state-owned bank Ukreximbank. The loan falls under the EBRD’s Resilience and Livelihoods Framework and will support corporates and municipalities in Ukraine affected by Russia’s war on Ukraine.
The loan will fund various sub-projects that will help improve Ukreximbank’s clients’ operational, financial, and environmental performance. These sub-projects will primarily benefit businesses in essential sectors such as agribusiness/food security, energy, transport, and manufacturing.
Ukreximbank is a 100% state-owned bank and one of the major operators in the Ukrainian banking market.
EBRD is Ukraine’s most prominent international financial investor. The Bank has a cumulative EUR 18.4 billion investment in 535 projects nationwide.
Sayenko Kharenko’s team was led by partner Igor Lozenko and included senior associate Denis Nakonechnyi and junior associate Yevgen Koval.
