European Investment Bank, the European Union’s bank, has this week disbursed the remaining €550 million of its €1.05 billion in immediate assistance to Ukraine. The first tranches (€500 million) were paid out on 14 September. This €1.05 billion of immediate assistance is part of the €1.59 billion package of the Ukraine Solidarity Urgent Response, developed in close cooperation with the European Commission.
The disbursed amount of €550 million will help the Ukrainian government to cover urgent financing needs, restore some of the most critical damaged infrastructure, resume the provision of municipal services — including transport services and vital infrastructure networks — and support cities in the process of recovering basic functions and basic services for the population.
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