Another €550 million from the EIB Group supported by an EU guarantee provides Ukraine with immediate assistance
![](https://ec.europa.eu/newsroom/repository/picture/2022-42/image004_QTw45Jdi5R0SkzBrT5kr3TU_107786.png)
date: 20/10/2022
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.