EBRD Backs Ukraine's $295 Million Privatization Push, Offers Funding for Bank and Port Sales
Updated
Updated · Reuters · May 15
EBRD Backs Ukraine's $295 Million Privatization Push, Offers Funding for Bank and Port Sales
4 articles · Updated · Reuters · May 15
$295 million in planned 2026 privatization proceeds has won EBRD backing, with President Odile Renaud-Basso saying the bank could finance buyers in future Ukrainian asset sales.
Ukraine is marketing stakes in Sense Bank, Ukrgasbank and other nationalized assets to ease pressure on a budget strained by more than four years of war and to cut state control of a banking sector still more than 50% state-owned.
Chornomorsk port has drawn what Renaud-Basso called strong investor interest in a 40-year concession for two terminals, a tender the EBRD and IFC are helping structure despite repeated Russian strikes on Black Sea infrastructure.
The bank is also trying to widen private capital flows through securities-market reform and energy support, with a 700-megawatt renewables pipeline and protection planned for about 118 of 135 key power installations by year-end.
Will the arrest of a top official over a bank scandal cause Western partners to halt crucial funding for Ukraine's reconstruction?
Amidst a high-level corruption scandal, can Ukraine's urgent sale of state assets fund its recovery without enriching the corrupt?
Ukraine’s 2026 Privatization Drive Surpasses UAH 1 Billion: Economic Recovery, Risks, and International Support Amid War
Overview
Ukraine’s 2026 privatization campaign is making strong progress, focusing on small-scale assets to generate vital revenue for the national budget and support recovery efforts. By mid-May, the program had already raised over UAH 1 billion, significantly fulfilling the government’s annual privatization plan. All proceeds from these sales are directed to Ukraine’s Recovery Fund, which finances major reconstruction projects and provides essential support to citizens. This ongoing, continuous process ensures stable budget revenues and highlights the government’s commitment to using privatization as a key tool for economic recovery and national rebuilding.