EBRD says it will spend 1 billion euros in Ukraine this year

div classBodysc17zpet90 cdBBJodivpMARRAKESH, Morocco Reuters The European Bank for Reconstruction and Development EBRD will spend 1 billion euros 1.1 billion in Ukraine in 2022, the banks president Odile RenaudBasso said on Tuesday. p

pShe said the package was aimed at helping the Ukrainian economy and added in comments on the sidelines of the banks annual meeting in Morocco that the lender was willing to do more. pdivdivdiv classBodysc17zpet90 cdBBJodiv

pEuropean Union trade commissioner Valdis Dombrovskis said the union was considering ways to give the EBRD more support, including in the form of guarantees, to help the bank increase its assistance to countries affected by the war in Ukraine. p

pSpeaking after a meeting with RenaudBasso in Marrakech, he estimated the cost of war damage to Ukraine at between 500 billion and 600 billion euros. p

p1 0.9491 eurosp

p Reporting by Ahmed El Jechtimi Writing by Angus McDowallEditing by Mark Potterp

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