CEB statement on Ukraine

1 March 2022

The CEB is deeply saddened and concerned about Russia’s armed attack on Ukraine, which shows no signs of abating. We echo the Council of Europe statement calling for protecting civilian lives as a matter of priority. 

The humanitarian situation in Ukraine is rapidly deteriorating, with hundreds of thousands of people fleeing death and destruction, desperate to find safety in neighbouring countries and beyond.  We are working closely with our stakeholders to evaluate the situation and take the most rapid and effective measures to support them. 

The CEB stands shoulder to shoulder with its member countries to face this crisis, in line with its historic mandate to provide aid to refugees, migrants and displaced persons. 

Set up in 1956, the CEB (Council of Europe Development Bank) has 42 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AAA with Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook positive and AAA* with Scope Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.