Sayenko Kharenko has advised the EBRD on a EUR 55 million financing package to support the city of Kyiv.
According to Sayenko Kharenko, the package comprises a EUR 50 million loan extended by the EBRD under a partial guarantee from the European Union and a EUR 5 million grant contributed by the United States government. The emergency funds will support Kyiv's municipal district heating utility, Kyivteploenergo, by addressing critical liquidity needs to ensure uninterrupted provision of vital heating and electricity services. Additionally, the financing will facilitate repairs to the city's damaged infrastructure ahead of the upcoming winter heating season.
Earlier in 2024, Sayenko Kharenko advised EBRD on EUR 35 million financing to Kharkiv (as reported by CEE Legal Matters on November 1, 2024), on its EUR 12 million loan to the City of Kryvyi Rih (as reported by CEE Legal Matters on August 27, 2024), as well as on a EUR 60 million biofuel financing in Ukraine (as reported by CEE Legal Matters on June 24, 2024), and a EUR 20 Million equivalent Loan to Bank Lviv (as reported by CEE Legal Matters on June 19, 2024). In 2023, the firm advised the EBRD on a USD 30 million loan to Astarta Holding (as reported by CEE Legal Matters on September 7, 2023).
The Sayenko Kharenko team included Partner Igor Lozenko, Senior Associate Oles Trachuk, and Junior Associate Polina Savinska.
