EIB plans to increase financial support for Ukraine – deputy secretary general
The European Investment Bank has provided €4.5 billion to Ukraine since the start of Russia’s aggression and plans to increase its financial support in the coming years.
Mikołaj Dowgielewicz, Deputy Secretary General of the European Investment Bank (EIB), emphasized the bank's ongoing commitment to supporting Ukraine's recovery and reconstruction efforts in an interview with Ukrinform. Speaking at the Warsaw Security Forum, Dowgielewicz highlighted that the EIB has been actively involved in Ukraine for over five years, with a primary focus on rebuilding critical infrastructure and aiding local communities and businesses.
Dowgielewicz stressed that ensuring Ukraine's critical infrastructure remains operational is a top priority, particularly during the winter months. He revealed that the EIB is closely collaborating with the Ukrainian government, local authorities, and financial institutions to achieve these objectives. The bank has already signed agreements with numerous Ukrainian banks to support entrepreneurs and has provided loans to Ukrainian financial institutions to facilitate credit to businesses, which is crucial for maintaining economic activity.
Since the beginning of the full-scale war, the EIB has allocated €4.5 billion to Ukraine, with €1.5 billion specifically earmarked for 2025. Additionally, an extra support package of nearly €500 million was announced in June 2026, focusing on housing, infrastructure, and assistance for Ukrainian businesses. Dowgielewicz expressed optimism that the EU's newly proposed multi-year budget will include robust guarantees for sustained financial support for Ukraine.
He urged EU governments to provide the necessary financing to ensure continued support for Ukraine in the coming years.
Furthermore, the Ukrainian Cabinet of Ministers plans to allocate over UAH 4.9 billion in EIB funds for community-level recovery projects. Dowgielewicz mentioned that the EIB is actively working to persuade EU governments to provide the required financing, which would enable the bank to increase its support for Ukraine in the forthcoming years.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
