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Sayenko Kharenko Advises EBRD on Loan to Ukrgasbank

Sayenko Kharenko Advises EBRD on Loan to Ukrgasbank

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Sayenko Kharenko has acted as Ukrainian legal counsel to the EBRD on its provision of a Hryvnia currency loan equivalent to EUR 25 million to Ukrgasbank.

According to Sayenko Kharenko, “Ukrgasbank will on-lend the proceeds of the loan to local small and medium-sized companies to upgrade their processes and equipment and to advance sound health and safety practices … [and]… at least 70 % of the loan will finance investments in green technologies.”

Sayenko Kharenko’s team included Partner Igor Lozenko, Associate Denis Nakonechnyi, And Junior Associate Oleksandr Motin.

The firm could not disclose information about the other side’s legal advisor.

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