EU Invests Nearly €1 Billion in Ukraine as US Funding Decreases
The European Investment Bank (EIB) has committed nearly €1 billion to Ukraine, addressing funding gaps left by reduced U.S. aid. This investment includes €420 million for public sector infrastructure repair and €500 million for private sector small and medium-sized enterprises (SMEs). A further €16.5 million, provided by the German Economy Ministry, will fund renewable energy projects. These funds are part of the EIB’s €2 billion contribution to the EU’s Ukraine Facility, supporting reconstruction efforts amid ongoing conflict and substantial rebuilding costs.
John Q. Hosedrinker