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EBRD to close offices in Russia, Belarus.

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The European Bank for Reconstruction and Development wrote that the decision was "the inevitable outcome" of Russia's war in Ukraine with the help of Belarus. On March 9, the EBRD announced a 2 billion euros package in aid for Ukraine.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

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