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The European Bank for Reconstruction and Development announced on Jan. 24 a new joint initiative with the government of the Netherlands to protect Ukraine’s agricultural business sector and preserve global food security.
The support includes the provision of a 25 million euro fund for grants to assist private companies operating in critical agricultural-related industries.
The agreement on the guarantee was signed in London with hopes to “overcome the looming global food prices,” Dutch Ministry of Finance Robin Uyterlinde said.
Last year, the Netherlands provided a 70 million euro grant support to the EBDR loan to Ukrenergo. The grant was used to repair infrastructure that was bombed by Russian forces.
Explainer: What’s up with the ‘grain deal’ and Russia?
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