The EIB, the EU 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 Ukrainian people, the European Commission said in a statement.
Report informs, quoting from the statement, that 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.
"The second relief package under the EIB Ukraine solidarity response will help essential services to resume and get the most critical infrastructure up and running again, strengthen the country’s resilience and maintain economic stability," the statement says.