Sayenko Kharenko has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with a EUR 13 million loan to the city of Kryvyi Rih aimed at supporting the operation of its municipal public transport system during 2026 – 2027.
The loan will provide liquidity support to the Municipal Trolleybus Company and the High-Speed Tram Company, ensuring the uninterrupted delivery of essential public transport services in the city. The funds are intended to cover operating costs, including salaries, electricity and infrastructure maintenance, and support the implementation of ongoing EBRD-financed projects. The EBRD’s loan is backed by a 40 per cent guarantee from the Government of Spain, structured on equal terms with the EBRD’s financing.
EBRD is Ukraine’s largest institutional investor, having substantially increased its investment in the country since Russia launched a full-scale invasion in 2022. Since the start of the war, the Bank has deployed billions of euros to support the real economy, with a focus on energy security, private-sector resilience and critical infrastructure.
Sayenko Kharenko’s team included Igor Lozenko, Oles Trachuk and Karina Zadorozhna.