The European Investment Bank (EIB) has approved financing for Ukraine amounting to €100 million as part of the Ukraine Facility package, which has a total value of €50 billion. This financial assistance is aimed at strengthening the country’s economic resilience and modernizing essential energy facilities.
This is reported by Business • Media
Support for Small and Medium Enterprises
Of the allocated amount, €70 million has been granted to Ukrgazbank. The funds are provided through the Ukraine Economic Resilience Facility program, which offers long-term loans to small and medium enterprises. This will help preserve jobs, ensure the continuous operation of businesses, and enhance the resilience of the private sector during the war. It is also emphasized that these investments are aimed at supporting Ukraine’s “green transition,” particularly in improving energy efficiency and reducing greenhouse gas emissions.
The financing will contribute to Ukraine’s “green transition” – investments in enhancing energy efficiency and reducing greenhouse gas emissions.
Modernization of Heating Infrastructure
An additional €30 million, equally distributed between Ukrgazbank and Ukreximbank, will be directed towards the restoration and upgrade of centralized heating systems. Special attention is given to communities that have suffered destruction due to Russian attacks. The planned measures aim to ensure stable heating supply for hospitals, schools, and residential buildings, as well as to reduce dependence on centralized infrastructure. This funding complements a recent agreement between the EIB and Naftogaz of Ukraine regarding the replenishment of gas reserves ahead of the new heating season.
At the same time, the Ukrainian government has decided to allocate 100 million hryvnias to support critical infrastructure in Odesa. Work is also ongoing to strengthen port protection, support logistics routes, and ensure the stability of the maritime corridor.