The funds will be investing largely into Ukrainian telecommunication, consumer products and retail assets. OPIC’s financing support marks its first big investment into the country in over eight years.
Cooperation was put on hold in 1999 due to a longstanding dispute with the Ukrainian government over a political risk insurance claim that was settled in 2009.
“The SigmaBleyzer fund will bring new investment into the emerging markets of Eastern Europe, a goal we all support,” said OPIC President and CEO Elizabeth Littlefield. “It also marks OPIC’s return to Ukraine after the better part of ten years. We are excited about the many new possibilities for OPIC to support private sector development in Ukraine.”