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.
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.