Netherlands investing EUR 100M in Ukraine to support farmers

That's according to Welingelichte Kringen, Ukrinform reports.

"The Netherlands is investing 100 million euros through the World Bank in guarantees for financing agricultural companies in Ukraine and, for example, in generators to help the country through the coming winter," the report reads.

Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher made this commitment at the Spring Meetings of the World Bank in Washington.

According to the minister, this is the first concrete implementation in the field of recovery support of the EUR 2.5 billion that the Netherlands promised Ukraine earlier this year. The emphasis with that large amount was on military support, but Schreinemacher says that other support options are also being considered.

"EUR 40 million is specifically intended for agricultural companies so that they can buy grain this season or replace agricultural equipment that has broken," she said.

The remaining amount of the 100 million euros is intended not only for the purchase of generators, but also for repairing roads.

The minister said the Netherlands would continue to support Ukraine for as long as it takes.