KYIV, Nov 22 – Raiffeisen Bank Aval (Kyiv) in cooperation with the European Bank for Reconstruction and Development (EBRD) provided a loan of up to $8.5 million to Krolevets feed mill under the risk sharing program, the bank said on its website.

According to the report, the EBRD takes half the risk on this loan.

Krolevets feed mill will invest the funds received in the purchase of more than 100 grain wagons, 13 new trucks with trailers and a mulcher, which will allow improving the operational efficiency of the company and diversifying its logistics operations. The attracted funding will also contribute to the renewal of the existing truck fleet used for transportation of agricultural crops.