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EBRD provides €50 million liquidity loan to Kyiv's heating utility

Kyiv, Ukraine (Photo by Francisco Anzola via WikiCommons)

The European Bank for Reconstruction and Development (EBRD) said it is providing a €50 million liquidity loan to the Ukrainian capital Kyiv's municipal district heating utility Kyivteploenergo.

The loan will ensure that Kyivteploenergo continues operating, keeps its workforce, and maintains essential heating and electricity services for Kyiv's residents, businesses, and municipal entities, the EBRD said in a press release on Tuesday.

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