Ukrainian President Volodymyr Zelenskyy announced that the European Investment Bank (EIB) will allocate €2 billion towards infrastructure and social projects in Ukraine for the year 2025. This pledge was confirmed following a meeting between Zelenskyy and EIB President Nadia Calvino, who was visiting Ukraine for the first time.
During the meeting, Zelenskyy expressed his appreciation for the continued financial support from the EIB, highlighting that the bank has already provided over €2 billion in assistance since the onset of the full-scale war. The funds will be directed towards vital projects aimed at rebuilding Ukraine’s war-torn infrastructure and supporting its social welfare system.
Key areas of focus for the EIB’s funding include the country’s energy sector, which continues to face attacks from the aggressor, as well as the construction of shelters in educational institutions. The EIB will also provide support for the modernization of border crossing points and the provision of housing for internally displaced persons, who have been affected by the ongoing conflict.
The signing of agreements during the visit further strengthened Ukraine’s partnership with the EIB, with particular emphasis on water and energy sectors. The EIB’s commitment is seen as an essential step in Ukraine’s recovery process, especially after the temporary suspension of funding from USAID, which has created a significant gap in humanitarian assistance.
The meeting underscored the importance of continued international support for Ukraine, with Zelenskyy expressing confidence that the EIB’s additional funding will allow the country to make strides in rebuilding its critical infrastructure and supporting those most affected by the war.
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