BERLIN — The European Union has signed agreements worth €1.4 billion with banks in a bid to attract private sector investment in Ukraine, European Commission President Ursula von der Leyen said at the opening of a two-day conference in Berlin on international support for the country’s reconstruction.
“Our partner banks will be able to apply for EU budget support when they invest in equity funds active in Ukraine. And in that way, we the European Union help them remove some of the risks associated with equity investments,” she said.
The agreements are meant to improve access to finance for Ukrainian businesses, von der Leyen said, mentioning startups in the IT, digitalization, critical raw materials and renewables sectors.
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