RIYADH: The European Bank for Reconstruction and Development has boosted its trade finance proposal for Ukraine by 鈧�100 million ($106 million) to support the country鈥檚 trade and food security. 

With the latest increase, the total amount directed to Ukraine under the EBRD鈥檚 Trade Facilitation Program reached 鈧�330 million, which is a rise of over 40 percent since the war outbreak on Feb. 24.

The aid is part of the EBRD鈥檚 鈧�1 billion activity that it undertakes in partnership with donors and other partners this year, it said in a statement. 

Part of the raise is focused on food security in a bid to head off a global food crisis during autumn and next year.

This happens amid Ukraine鈥檚 struggle with the economy following its invasion by Russia.