KYIV, May 18 – The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has recognized that additional shareholder support will be needed for the bank's work on Ukraine, which has intensified since the Russian invasion in February 2022, and estimates it at EUR 3-5 billion.

"A proposal from the Board of Directors on the scope of EBRD support for Ukraine, and on a potential paid-in capital increase, will be submitted to governors for a final decision by the end of 2023," the bank said in a statement on Thursday following its annual meeting, taking place this year in Samarkand (Uzbekistan).