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EBRD suspends access to funding for Russia, Belarus.

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The European Bank for Reconstruction and Development will not provide any new financing for projects or technical cooperation activities in either country. “Furthermore, the Bank avails itself of all rights to suspend or cancel further funding disbursements on existing projects,” the EBRD said.

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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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Russian citizens Yurii Korzhavin and Lidiya Korzhavina were removed from the U.S. sanctions list on March 20, along with other individuals and entities linked to Russia. The Korzhavins were sanctioned in 2024 for their ties to the Russian transport and logistics company Elfor TL.

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Russia’s takeover of Crimea did not begin in 2014. In the second part of "Crimea: The War Before the War," the Kyiv Independent’s War Crimes Investigations Unit examines how Moscow moved from early pressure to direct attempts to seize Ukrainian territory.

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