After the government failed to muster enough votes, Olga Eremina, senior banker for Energy at EBRD’s office in Ukraine, said: “At present, we do not see how the government will be able to solve this problem.”

After the government failed to muster enough votes, Olga Eremina, senior banker for Energy at EBRD’s office in Ukraine, said: “At present, we do not see how the government will be able to solve this problem.” The bank, a major lender to renewable projects, had planned to contribute €220 million with the European Investment Bank to support a payoff facility. “This reduces both the chance of issuing government bonds, and even less the chance that payments on renewable energy sources will be made in accordance with legal obligations,” she said at a conference organized by the European Ukrainian Energy Agency.