The European Investment Bank (EIB) Group has approved €17.4 billion in fresh financing to strengthen Europe’s energy autonomy, competitiveness and strategic partnerships with Ukraine and countries beyond. The Boards of Directors of the EIB and the European Investment Fund (EIF) approved the new financing package this week in Luxembourg.
The endorsed financing includes funding for upgrading Ukrainian border-crossing points along roads in the country that are part of the EU’s Trans-European Transport Network, or TEN-T, improving connectivity with Member States and Moldova. The project includes terminals, customs equipment, and digital systems.
The latest financing also extends to businesses in Ukraine, highlighting the EIB Group’s commitment to supporting the country’s economic recovery and resilience.
In other strategic investments in EU partner countries, the EIB Group approved financing for sustainable agriculture in Moldova.
The projects promote strong partnerships and Europe’s voice on the world stage in support of the EU’s Global Gateway strategy.
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