The European Bank for Reconstruction and Development (EBRD) said on Monday it is providing an unfunded portfolio risk-sharing facility to OTP Bank Ukraine to unlock €200 million of new funding for Ukraine's private sector.
The EBRD's facility will provide up to 50% coverage of OTP Bank's credit risk on €200 million in newly issued sub-loans to private businesses operating in Ukraine.
Ukraine is considering a rail corridor through Moldova to the Romanian port of Constanța as an alternative to Black Sea shipping, as Russian strikes on Ukrainian ports increasingly disrupt grain exports, Reuters reported, citing unnamed sources. Kyiv has asked Moldovan authorities for a 50% discount on the standard freight rate,
