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    The EIB’s EU4U Fund approves first project

    The EIB’s EU for Ukraine (EU4U) Fund approves its first project after greenlighting €25 million for Horizon Capital Growth Fund IV to support small and medium businesses in Ukraine and Moldova. The Fund, part of the Bank’s EU4U Initiative, has raised more than €400 million to support Ukraine’s most urgent infrastructure needs and help sustain its economy.

    Learn more about the EU4U Fund  

    €668 million
    March 2022
    First part of Ukraine Solidarity Urgent Response

    Immediate assistance, backed by an EU guarantee, for the Ukrainian authorities. 

    Why it matters
    It helps the Government of Ukraine meet most immediate and urgent financial needs.

    Fully disbursed in March 2022

    Read the press release

    €1.59 billion
    July 2022
    Second part of Ukraine Solidarity Urgent Response

    Immediate response, backed by an EU guarantee, for essential needs.

    Why it matters
    This support helps Ukraine fix damaged infrastructure, restart municipal services, and support urgent energy efficiency measures in preparation for the cold season.

    €1.05 billion disbursed by October 2022
    €540 million earmarked for 2023

    Read the press release
    Read the press release about the first disbursements
    Read the press release about the second disbursement

    €1.59 billion
    €3.6 million
    Humanitarian aid donations

    Donations amounting to €3.6 million humanitarian aid.

    Why it matters
    The donations, coordinated by the EIB Institute, prioritise emergency relief for people impacted by the conflict in Ukraine and its neighbouring countries.

    €2.5 million in March 2022 - Read more
    €95,000 in October 2022 - Read more
    €1 million in December 2022 - Read more

    €4 billion
    May 2022
    Response to displaced people's needs

    A credit line complemented by the EMBRACE Advisory Platform.

    Why it matters
    This support for municipalities in Ukraine’s neighboring EU countries will provide financing for key infrastructure and services for refugees and host communities, such as housing, schools, hospitals and access to jobs.

    Read the press release
    Go to the EMBRACE Advisory Platform
    Read about Poland: First tranche - Second tranche
    Read about the Czech Republic

    4 December 2023
    13 July 2023
    26 April 2023
    29 March 2023
    14 December 2022
    12 October 2022
    15 September 2022
    25 July 2022
    18 May 2022
    9 April 2022
    4 April 2022
    4 March 2022
    24 February 2022

    4 December 2023

    The EIB’s EU for Ukraine (EU4U) Fund approves its first project after greenlighting €25 million for Horizon Capital Growth Fund IV to support small and medium businesses in Ukraine and Moldova.

    13 July 2023

    The EIB’s EU for Ukraine (EU4U) Fund reaches over €400 million in size to support Ukraine’s most urgent infrastructure needs and help sustain its economy. This comes after the following EU Member States announce their contribution to the Fund:

    26 April 2023

    Italy becomes the first country to lend its support to the EU4U Fund after pledging €100 million to back reconstruction and recovery in the country.

    On 13 June 2023 the European Commission agrees to an EU guarantee enabling the EIB to provide Ukraine with €100 million in new loans to address the country’s urgent recovery needs, such as repairing damaged municipal or energy infrastructure.

    29 March 2023

    The EIB’s Board of Directors approves EU for Ukraine (EU4U), an initiative to finance reconstruction and recovery in Ukraine.

    As part of the initiative, the EIB establishes a fund enabling the European Commission, EU Member States and other donors to support reconstruction and recovery in Ukraine. Known as the “EU for Ukraine Fund,” it provides enhanced credit to EIB loans for both public and private sector investment.

    14 December 2022

    At the Paris conference for the resilience and reconstruction of Ukraine, EIB Vice-President Teresa Czerwińska confirms further expansion of the EIB’s financial and advisory support for Ukraine’s recovery and EU accession.

    The EIB Institute also donates another €1 million to support Ukrainian family-style orphanages and purchase ambulances, fire trucks and generators for Ukraine.

    12 October 2022

    The EIB Group disburses an additional €550 million of immediate assistance to Ukraine to address its most urgent needs. These funds are part of the second €1.59 billion package of the EIB’s Ukraine Solidarity Urgent Response developed in close cooperation with the European Commission. Following a first disbursement on 15 September from this package, the disbursed amount will help Ukraine cover urgent financing needs, restore some of the most critical damaged infrastructure, resume the provision of municipal services and support cities in the process of recovering basic functions and basic services for the population. To this day, the EIB Group has disbursed in total €1.7 billion to Ukraine since the beginning of the full-scale Russian invasion. The EIB Institute also announces an aid of €95 000 for two additional projects.

    15 September 2022

    The EIB Group disburses €500 million of immediate assistance to Ukraine to address its most urgent needs. These funds are part of the second €1.59 billion package of the EIB’s Ukraine Solidarity Urgent Response developed in close cooperation with the European Commission. On this day, President Hoyer presents to Ukraine’s Prime minister Denys Shmyhal EIB Group’s plans for the recovery and reconstruction of Ukraine.

    25 July 2022

    The EIB Board, supported by the EU Commission, approves €1.59 billion of EU financial assistance for Ukraine.

    18 May 2022

    The EIB Board of Directors approves a €4 billion credit line to help national authorities, cities, regions and local communities in all EU Member States address urgent investment needs and help welcome and integrate people fleeing the war against Ukraine.

    The EIB credit line follows the pledge announced by President Werner Hoyer on 9 April 2022 at “Stand Up for Ukraine”, a global campaign for pledging funds for Ukraine and its refugees. The credit line will be complemented by the EMBRACE Advisory Platform, supported by InvestEU Advisory Hub, JASPERS and fi-compass initiatives, and helping EU Member States to better address infrastructure needs.

    9 April 2022

    At “Stand Up For Ukraine,” a global fundraising event to support the victims of the Russian invasion, the EIB pledges an additional €4 billion to support Ukrainian war refugees in EU Member States. The new package will finance key social infrastructure, including housing, schools, hospitals and kindergartens.

    4 April 2022

    The EIB fully disburses the initial emergency solidarity package for Ukraine, within a month of its approval. The package includes €668 million in immediate assistance for the Ukrainian authorities. The EIB Institute also donates €2.5 million for humanitarian aid to help people affected by the conflict in Ukraine.

    4 March 2022

    The EIB Board approves €668 million immediate financial support to Ukraine.

    This immediate response follows Russia's invasion of Ukraine. Read the statement expressing the EIB Group's solidarity with the Ukrainian people and strong condemnation of the Russian military invasion.

    24 February 2022

    Russia begins a new military aggression against Ukraine. The EIB Group expresses its solidarity with the Ukrainian people and strongly condemns the unjustified Russian attack of the country.

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