EIB approves EUR 668M immediate financial support to Ukraine

The bank said this in a press release, Ukrinform reports.

“It will help the Ukrainian authorities to meet most urgent financial needs, including buying food, medical supply and fuel for its citizens. The immediate support will be available in a matter of days. The EIB will disburse funds available under two EIB loans that were originally granted to support SMEs and the agricultural sector in Ukraine,” reads the report.

The Board agreed that the EIB should pursue further initiatives under the emergency Solidarity Package for Ukraine. These include financing critical infrastructure needs in Ukraine and helping to rebuild whatever the Russian army destroys.

In addition, EIB experts are currently assessing the needs of countries in Ukraine’s neighbourhood and within the EU that are welcoming refugees from Ukraine or are affected by the war in other ways.

As reported, on February 24, Russian President Vladimir Putin declared war on Ukraine and launched a large-scale invasion.

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