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Banks in Ukraine approve $240 million in financing in accord to rebuild grid, senior banker says

Destroyed transformer. (Photo by DTEK)

Dozens of banks in Ukraine have approved a combined 10 billion hryvnias ($240 million) in financing of energy solutions to help the country sustain the constant attacks on its grid since signing a voluntary accord on energy resilience months ago, a senior banker said.

"The banks, maybe more than 20 or 30 banks, signed a memorandum to try to align our actions toward the financing of energy solutions some months ago," said Laurent Dupuch, CEO and country manager of Ukrsibbank, majority owned by BNP Paribas.

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