The European Investment Bank (EIB), the European Union’s bank, has disbursed the remaining €550 million of the €1.05 billion immediate assistance to Ukraine this week. The first tranche (€500 million) was paid out on 14 September.
The disbursed amount of €550 million will help the Ukrainian government cover urgent financial needs, restore some of the most damaged critical infrastructure and resume the provision of municipal services, including transport services and vital infrastructure networks. It will also support Ukrenergo, Ukraine’s electricity company, in its critical role as enabler of the Ukrainian electricity grid, to function with stability.
This €1.05 billion of immediate assistance is a part of the €1.59 billion package of the Ukraine Solidarity Urgent Response. The remaining €540 million will be used for resuming implementation of existing EIB-financed projects in Ukraine, as they progress, excluding areas of active hostilities and territories not controlled by the Ukrainian government.
The package benefits complements the €668 million of immediate financial support for Ukraine provided by the EIB in early March 2022.
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