KYIV, June 10 – The European Bank for Reconstruction and Development (EBRD) has repurposed part of an existing loan to provide EUR 50 million of liquidity to the state-owned railroad company Ukrzaliznytsia, the EBRD reported on Friday.

This support is part of the total EUR1 billion that the EBRD has pledged to provide to Ukraine this year, together with donors and partners, the bank said.

The new loan was signed in a virtual ceremony by EBRD President Odile Renaud-Basso, Finance Minister of Ukraine Serhiy Marchenko and Ukrzaliznytsia CEO Oleksandr Kamyshin.