The EIB has approved immediate financial support for Ukraine.

The Board of the European Investment Bank has approved direct financial support to Ukraine in the amount of €668M. The financial support is part of the EIB Ukraine Solidarity Urgent Response program. “This initial support package will help the Ukrainian government meet the most pressing financial needs, including the purchase of food, medical supplies, and fuel for citizens.” announced the EIB. Immediate support will be available in the next couple of days. The EIB will allocate funds available under two EIB loans, which were initially provided to support SMEs and the agricultural sector in Ukraine,” the bank said.