HomeEconomyThe European Investment Bank...

The European Investment Bank will give Ukraine a loan of 100 million euros for restoration

Photo: EIB

The EU has prepared an agreement that will allow Ukraine to receive loans of 100 million euros for immediate recovery.

The European Commission and the European Investment Bank (EIB) have agreed to provide an EU guarantee that will enable the EIB to provide Ukraine with a new €100 million loan. This was stated in a message on the website of the European Commission.

The money will be used for quick recovery, such as municipal repairs or energy infrastructure.

This EU guarantee is an element of the EU Initiative for Ukraine (EU4U), approved by the bank in March 2023, which includes the EU4Ukraine fund and a EUR 100 million technical assistance and advisory package from the EIB’s own funds.

European Commission President Ursula von der Leyen said the EU is tightening support to meet Ukraine’s needs for a quick recovery.

“In addition to our 1 billion euros for rapid recovery to support critical sectors, the agreed EU guarantee allows the EIB to lend Ukraine an additional 100 million euros on very favorable terms. We are determined to return life in all communities in Ukraine suffering from the Russian Aggression,” he said.

Overall, the EU has allocated 70 billion euros to support Ukraine, which also includes 2.4 billion through the European Investment Bank, backed by an EU guarantee.

Recall that earlier the Vice-President of the European Commission Valdis Dombrovskis spoke about the development of mechanisms to encourage European businesses to work with Ukraine, despite the risks associated with the war, and thus contributing to recovery.

news Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Avarius-Satal at Mest Aviaudar on a medical registry (photo, video) finished the work of Avarius-Satal

In Kharkiv, emergency rescue work was completed at the site of a hostile air strike in a medical institution in an industrial district of the city, which was applied today, July 25. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px;...

The decline was presented with the equipment of new tanks of the Minister

Defense Minister Denis Schmigal introduced the new Deputy Minister of Defense today, July 25. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } In his telegram, he said that this deputy...

Only the motorcycle and the Roshez-Roshes camera remained with the Ukrainian Drone FPV under a petition.

The Russian “War” Andriy Filatov can die near the painting today, July 25. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was confirmed by Russian leading telegrams. ...

The riders were shot dead by brick in the central part of Kharkov – a set of a multifaceted house

Russian invaders today, July 25, struck the blueberry drone in the central part of Harkiv in the Kiev district. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The mayor of...