Ukraine to receive $1 mln from VR Capital, $0.7 mln from Advantest as humanitarian aid, EPAM establishes fund to help Ukraine

KYIV. April 13 (Interfax-Ukraine) - The VR Capital Group, an investor working with Ukraine's debt and having sizable assets in the Ukrainian renewable energy sector, has allotted humanitarian and material-technical assistance totaling over $1 million to Ukraine and is ready to do more.

VR Capital President and Founder Richard Deitz expressed solidarity with the people of Ukraine and the company's readiness to contribute to Ukraine's recovery.

VR Capital is an international company with approximately $5 billion in investor assets managed through pooled funds. This is a major Western investor in Ukraine with an asset portfolio exceeding $1 billion. Boasting over 22 years of experience, the company is focused on investing in developed and emerging markets through its headquarters in New York and London.

Some time ago, VR Global Partners lost a case regarding the right of claims against the state-owned Ukrzaliznytsia under nine loan agreements totaling $196.25 million, which were ceded to the investor by Prominvestbank, and said it would seek a refund through restitution. After February 24, the National Bank of Ukraine ousted Prominvestbank, owned by the Russian corporation VEB, from the market, and the National Bank and the government of Ukraine proposed that the National Security and Defense Council impound some of the bank assets to the state budget.

For its part, Advantest Corp., a leading Japanese supplier of test and measurement equipment, has announced a humanitarian donation of 90 million yens (about $0.7 million) to Ukraine.

The Japanese Red Cross Society, the UNICEF, Medecins Sans Frontieres (Japan, the United States, and Germany), the Salvation Army International (the United States) and Aktion Deutschland Hilf e.V. (Germany) were named among recipients of the funds.

Meanwhile, EPAM Systems, Inc., a leading developer of digitalization products and services with a large team of developers in Ukraine, announced the establishment of the EPAM Ukraine Assistance Fund to support charities interacting directly with affected Ukrainians. "This fund is separate from and in addition to the $100 million humanitarian commitment that EPAM announced on March 4, 2022, and to the Company's previously established relief programs, donations, and the work of EPAM volunteers on the ground," the company said on Tuesday.