On Friday, June 7, Emmanuel Macron and Volodymyr Zelenskyy will sign two agreements to provide Ukraine with €650 million in loans and grants, in particular to support local authorities and critical infrastructure, the Elysee Palace said on Wednesday, Le Monde reports.
The first agreement will reportedly provide the French Development Agency with “€400 million in loans and €50 million in grants until 2027” to “expand its activities in Ukraine” by providing support in the energy and transport sectors, in particular “to develop administrative capacity.”
The second agreement concerns the creation of a “support fund” for critical infrastructure, which will be invested with €200 million euros “to support French companies in future tenders (…) in the energy, transport, water and sanitation, health and agriculture sectors”.
It is noted that “these funds will be used to finance large projects, strengthen or replace failing energy infrastructure” as it is the object of special attention from Moscow.
