EIB Board approves 668M euros immediate financial support to Ukraine

The Board of Directors of the European Investment Bank (EIB) has approved a 668 million euros immediate financial support for Ukraine, Report informs referring to the EIB website.

“It will help the Ukrainian authorities to meet most urgent financial needs, including buying food, medical supply and fuel for its citizens. The immediate support will be available in a matter of days. The EIB will disburse funds available under two EIB loans that were originally granted to support SMEs and the agricultural sector in Ukraine,” reads the message.

On March 3, the EU approved a memorandum on providing Ukraine with 1.2 billion euros of macro-financial assistance. Earlier, a package of financial assistance to Ukraine in the amount of $3 billion was provided by the World Bank. The meeting of the UN Security Council on the humanitarian situation in Ukraine is scheduled for March 7.