European Investment Bank approved €1.59 billion of EU financial assistance for Ukraine to restore critically damaged infrastructure
The European Investment 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, said on the European Commission website.
The Russian war in Ukraine has had a devastating impact on the country’s people, infrastructure, and economy. Because of this extremely challenging situation in Ukraine, the Board of Directors of the European Investment Bank (EIB) approved a further €1.59 billion of financial support for Ukraine to address the country’s infrastructure financing gap and urgent needs. €1.05 billion will be made available immediately.