Ukraine

The European Investment Bank (EIB), the financing arm of the European Union, is announcing today a €7 million contribution from Ireland to the EU for Ukraine Fund – a complementary instrument established by the EIB to support Ukraine’s recovery and rebuilding efforts.

A second building has been added to the Citizen Safety Centre in Avangard, Odesa Oblast, increasing the emergency response capacity in a region regularly targeted by Russian shelling and located on key transport routes. The centre plays a vital role in firefighting, emergency response and public awareness – not only for Avangard, but for other nearby communities as well. Supported by the European Union and its financial arm, the European Investment Bank (EIB), this new building significantly increases the centre’s ability to respond to emergencies and support local residents.

Today, EIB President Nadia Calviño, Vice-President Teresa Czerwińska and Ukrainian Prime Minister Denys Shmyhal met to accelerate support for Ukraine with the implementation of three new EIB projects worth €300 million. The meeting and signing took place at the headquarters of the European Commission in Brussels, with the participation of EU High Representative and European Commission Vice-President Kaja Kallas, Commissioners Marta Kos and Valdis Dombrovskis. The financing, signed today, is backed by guarantees under the EU’s Ukraine Facility and supports Ukraine’s recovery efforts, including the restoration of essential public infrastructure and services. It follows the guarantee agreement approved just month ago with the European Commission unlocking €2 billion of investments.