Spain provides a €50M soft loan to support the private sector of Ukraine and will help UZ to adapt its trains to EU standards.

Spain will allocate a soft loan for €50M and an additional grant of €1M in partnership with the IFC to support the stability of the private sector of Ukraine, the Minister of Economy of Spain Carlos Cuerpo announced in Kyiv.

In total, Spain provided more than €45M in humanitarian aid and contributed to various multilateral reconstruction funds. The country’s military contribution to the victory of Ukraine reached €230M, and the security agreement is calculated at €1B.

Also, Ukrainian Railways (UZ) and the Spanish state railway company Renfe are preparing the first developments within the framework of a pilot project regarding the introduction of trains that adapt to different track widths. In particular, the design, testing, and production of wagons equipped with sliding wheel pairs and track width change devices are being developed. As soon as the preparation of the technical project is completed and the final cost is known, Spain will contribute.