Turkey, May 21 -- The European Bank for Reconstruction and Development (EBRD) has announced a sanction of 3 years and 3 months on Turkish construction company ONUR Taahhut Ta??mac?l?k ?n?aat Ticaret ve Sanayi A.?. (Onur) and its 53 subsidiaries. The settlement was reached in connection with a collusive practice relating to an EBRD-financed project in Ukraine.The settlement provides for a debarment period of 1 year and 3 months, followed by a 2-year period of conditional non-debarment.An investigation by the EBRD's Office of the Chief Compliance Officer (OCCO) found an improper arrangement that aimed to secure the award of the contract to Onur in violation of the EBRD's Procurement Policies and Rules. Under the EBRD's Enforcement Policy and ...