Boosting Ukraine’s grain export sector
Grain exports are a vital source of foreign revenue for Ukraine at a time of ongoing economic uncertainty and the agribusiness sector is important for attracting foreign direct investment to the country. Last year, the EBRD invested in two projects aimed at easing transport bottlenecks in Ukraine’s grain export sector.
A US$ 40 million (€38 million equivalent) loan to G N Terminal Enterprises will enable the company to expand the capacity of the grain terminal it operates in the port of Odessa. The Bank also extended a US$ 34 million (€32 million equivalent) loan to local company MV Cargo for the development of a modern, deep-water grain terminal in the port of Yuzhny.