Sayenko Kharenko has advised the EBRD on its EUR 50 million loan to Ukrainian state-owned Ukreximbank, under the Resilience and Livelihoods Framework, to support companies and municipalities affected by Russia’s war on Ukraine.
Ukreximbank is one of three 100% state-owned systemically important banks in Ukraine. Founded in January 1992, it services a considerable proportion of export and import activities.
According to Sayenko Kharenko, 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.
The EBRD is Ukraine’s most prominent international financial investor. The bank has a cumulative EUR 18.4 billion invested in 535 projects nationwide, the firm reported.
The Sayenko Kharenko team was led by Partner Igor Lozenko and included Senior Associate Denis Nakonechnyi and Junior Associate Yevgen Koval.