EU expands support for Ukraine with new financing of almost €600 million for energy, transport and business resilience
Ukraine, July 10 -- The European Union is stepping up economic support for Ukraine with almost €600 million in fresh financing for energy systems, transport networks and a range of businesses in the country. The European Investment Bank (EIB) Group and the European Commission announced the new EU funding package at a "Ukraine Recovery Conference" today in Rome. Most of the financing takes the form of EIB loans, which are backed by EU guarantees.The package includes financing for critical infrastructure. The goal is to restore major hydropower plants, upgrade municipal district-heating systems across Ukraine, repair key Ukrainian roads and bridges and improve border crossings.Today's announcements also include a package of financing fo...
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