The European Bank for Reconstruction and Development (EBRD) has provided a €7.5mn unfunded portfolio risk-sharing facility to Ukrsibbank in Ukraine to unlock €15mn of new financing for the private sector amid the ongoing war in the country, the bank said in a statement on December 19. The instrument will cover up to 50% of Ukrsibbank’s credit risk on new loans within a portfolio of up to €15mn, enabling the Ukrainian lender to extend much-needed finance to businesses in critical industries such as agriculture, food processing, retail, transport and pharmaceuticals. This will preserve food secu…