KYIV, Nov 15 – The Board of Directors of the European Bank for Reconstruction and Development (EBRD) on Wednesday recommended that the bank's governors approve a paid-in capital increase of EUR4 billion in order to ensure a significant and stable volume of investment in Ukraine now and in the future.

"Today’s decision is in line with the governors’ recognition that support for Ukraine should be the bank’s highest priority, now and in the future, following Russia’s full-scale invasion of the country, whilst also ensuring that the EBRD can continue to pursue its strategic priorities across all its economies of investment," the bank said.