The EBRD calls for continued financial support for Ukraine and will invest up to €15B.

Ukraine needs financial and military support so that Kyiv does not return to printing money to keep its economy afloat, EBRD Chief Economist Beata Javorcik said. According to her, the economic situation in Ukraine is difficult, even though last year’s growth was slightly less than 5%.

“The big risk is that if the money does not come from abroad, the situation may spiral, and the government may have to resort to money printing,” she said, emphasizing the Ukrainian government’s exemplary work in ensuring macroeconomic stability.

Javorcik also reported that the EBRD plans to invest between €7.5 and €15B in Ukraine over the next five years, paying special attention to providing support for the private sector.

The head of the EC, Ursula von der Leyen, is confident that all 27 EU member states will agree to expand financial assistance to Ukraine jointly and provide €50B in 2024-2027.