The EBRD is ready to loan Ukraine €200 million to conduct a nationwide inventory of mineral deposits and to prepare promising deposits for mining through transparent auctions of licenses, Prime Minister Shmyhal reports after online talks with Maroš Šefčovič, the European Commission’s vice president for Inter-institutional Relations and Foresight. After the coronavirus pandemic shook confidence in long distance supply chains, the EU launched last month the European Raw Materials Alliance. Last year, Šefčovič, a Slovakian diplomat, helped broker the new gas transit deal between Russia’s Gazprom and Ukraine’s Naftogaz.
The EBRD is ready to loan Ukraine €200 million to conduct a nationwide inventory of mineral deposits and to prepare promising deposits for mining through transparent auctions of licenses
Ukraine's economy will shrink by a fifth this year.