The European Investment Bank (EIB) 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 Ukrainian people.
According to press release by the European Commission, this is the second package of support 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 favourable terms including long tenors.
Source : Cyprus News Agency