EIB Board approves €1.59 billion of EU financial assistance for Ukraine

EIB Board approves €1.59 billion of EU financial assistance for Ukraine
# 25 July 2022 18:34 (UTC +04:00)

The EIB, the EU bank, is providing €1.59 billion, supported by guarantees from the EU budget, to help Ukraine repair the most essential damaged infrastructure and resume critically important projects addressing the urgent needs of the Ukrainian people, APA reports citing the EIB.

This is the second support package for Ukraine under the EIB Ukraine solidarity urgent response developed in close cooperation with the European Commission. It follows an emergency support package of €668 million fully disbursed within a month of the war’s beginning. Like the first one, this new financing is offered at favorable terms, including long tenors.

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