EUROPE: As a response to the war on Ukraine, the EBRD and its donors are providing emergency technical assistance to Ukrposhta and Nova Poshta, the two largest delivery companies in Ukraine.
With funds worth €1 million – €500,000 from Sweden and the same amount from Taiwanese contributions – the EBRD will help the companies adjust their international logistics systems to the crisis.
This is one of the EBRD’s first technical assistance projects that will contribute to achieving the objectives of the Resilience and Livelihoods Framework, which aims to help countries directly affected by the war on Ukraine.
Since the start of the war, both clients have had to re-arrange their logistics networks and are now using their warehouses in Poland as international delivery hubs.
The donor funds will enable cargo to be delivered to these hubs in order to help private businesses in Ukraine stay operational and withstand the crisis.
The funds will also ensure the continued supply of critical humanitarian aid such as food, water, and medical supplies, to the population in Ukraine.
The technical assistance will help thousands of private entrepreneurs, small and medium-sized enterprises, and individuals in Ukraine who sell their products on global e-commerce platforms and rely on Nova Poshta and Ukrposhta to reach their customers across the world.
The EBRD declared its unwavering support for Ukraine and its people and condemned the aggression by Russia and Belarus in February.
In March it unveiled an initial €2 billion resilience package of measures to help citizens, companies, and countries affected by the war on Ukraine.
Ukraine is one of the largest economies in which the Bank invests, with cumulative lending of more than €16 billion in 511 projects since the EBRD started work there, including more than €1 billion in 2021.
Source EBRD press Office / @ebrd
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