EIB takes important step to support businesses planning to invest in Ukraine

The European Investment Bank (EIB) has taken an important step to support businesses operating or planning to invest in Ukraine by signing the first agreement with EU export credit agencies. The document provides for the provision of financial guarantees worth up to 400 million euros, which creates new opportunities for European companies wishing to operate in conditions of war risk.

EIB President Nadia Calvino announced the signing of the agreement, Ukrinform reports. She noted that this initiative is an example of mobilizing financial resources where they are needed most and confirms the EIB's strategic commitment to supporting Ukraine in difficult times.

The guarantee program was launched with an initial budget of 300 million euros, but quickly exceeded expectations. As of today, requests for about 400 million euros have been submitted. European companies can apply for appropriate support to national export credit agencies in their countries.

The EIB President stressed that Ukraine remains one of the bank’s key partners. Since the start of the full-scale war, the EIB has already mobilized over 3 billion euros in financial assistance for our country. Among the areas are investments in critical infrastructure, energy, transport, healthcare, education, water supply, urban services and support for the private sector.

The Bank implements new projects in Ukraine with impressive regularity - on average once every two weeks. This indicates not only the EIB’s strategic interest in long-term support for Ukraine, but also effective interaction with the Ukrainian authorities at all levels.

In addition to financial assistance, the EIB provides Ukraine with technical support in the context of European integration. Thanks to its experience of cooperation with candidate countries for EU accession, the Bank plays an important role in preparing Ukrainian institutions for European standards. "We have invested and will continue to invest in countries on the path to the EU, and we will do the same with Ukraine when it returns to the European family," said Nadiya Calvino.