Monday, November 8

Ukrgasbank signs agreements with UAE’s Mashreq Bank for a loan valued at $35 mln.

 Both banks concluded the first agreement on structured trade financing, according to a recent press statement. The amount of transaction totals about $35 mln, for a term of up to 60 days which will assist Ukraine in the import petroleum products for further processing and exports of already finished products.

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Romania agrees to support Ukraine in its bid for EU membership.

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Ukraine reduced gas imports by 77% in October

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The newly-elected Chancellor, Olaf Scholz, is ready to support Ukraine’s move towards EU membership. The coalition agreement of the new German government contains a clause stating its readiness to support Ukraine’s movement towards membership in the European Union. The agreement reads, “We will work together with the EU and its Member States to further develop the Eastern Partnership and a market economy. It is also noted that the German government will continue to assist Ukraine in restoring its full territorial integrity and sovereignty”.

A senior EBRD delegation is starting a week-long trip to Ukraine to meet with the country’s authorities and private sector companies. The delegation will include Alain Pilloux, the Vice President of Banking and in charge of Bank lending; and Mark Bowman, the Vice President for Policy and Partnerships.  The visit is to reconfirm the EBRD’s support for Ukraine, its reform agenda, and sustainable development. Discussions will focus on the decarbonization of the Ukrainian economy in line with the country’s updated Nationally Determined Contribution, the development of sustainable infrastructure, and the investment