In light of the recent violence in Ukraine, Bankwatch is asking the EBRD, the largest foreign investor in Ukraine, to refrain from any further cooperation both on new and current projects until the government takes decisive and peaceful steps to end the escalation of the current crisis, ends human rights violations committed by government forces, shows clear commitment to settling the political crisis in a peaceful way and addresses the key concerns of the protests.

The EU-backed Energy Community Treaty, which brings together the Western Balkans, Ukraine and Moldova in order to integrate them with the EU energy market. Although original Treaty contains some environmental obligations for signatory countries, it pays relatively little attention to environmental and public health concerns. This in turn increases the likelihood of EU countries importing energy produced at great costs to the people and environment in accession and neighbouring countries. The current revision of the Treaty is a valuable opportunity to rectify this problem.

This letter was sent both in English (pdf) and French (pdf).