The European Investment Bank (EIB) made two more EUR100 million payments to Ukraine this week, the bank said on its website.
With these two disbursements, we have provided EUR629 million of our initial support package of EUR668 million, and that’s not all. These funds will help cover urgent financial needs in the face of Russian aggression, the bank said.
As reported, on March 4, the EIB Board of Directors at an extraordinary meeting approved an emergency solidarity package for Ukraine in the amount of EUR2 billion, including the provision of EUR668 million in the form of immediate liquidity support to the Ukrainian authorities. As part of this package, the bank is also accelerating the allocation of additional commitments of EUR1.3 billion taken on infrastructure projects. In parallel, the bank is developing a multi-billion-dollar package for the EU’s Eastern and Southern Neighborhood, the EU Enlargement Region and Central Asia to mitigate the effects of the refugee crisis and help deal with the social and economic impacts caused by the war.
The European Investment Bank is the long-term lending institution of the European Union. Its owners are the member states of the European Union.
