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Another €550 million from the EIB Group supported by an EU guarantee provides Ukraine with immediate assistance

On 12 October, the European Investment Bank (EIB), the European Union's bank, disbursed the second tranche of the immediate assistance to Ukraine.

date:  20/10/2022

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The €550 million disbursed this week will help the Ukrainian government to cover urgent financing needs, restore some of the most critical infrastructure that has been damaged; resume the provision of municipal services; including transport services and vital infrastructure networks; and support cities in the process of restoring basic functions and basic services for the population. The first tranche of €500 million was paid out on 14 September. These tranches amount to €1.05 billion and are part of the second €1.59 billion package of the EIB's Ukraine Solidarity Urgent Response, developed in close cooperation with the European Commission. The remaining €540 million will be used for resuming implementation of existing EIB-financed projects in Ukraine, as they progress.