Ukraine will join the Council of Europe Development Bank.

 The Development Bank of the Council of Europe (CEB) gave Ukraine the green light to join and allocated funds to support Ukrainian refugees in Europe. The Council of Europe Development Bank has decided on special conditions for Ukraine to acquire membership in this financial institution as soon as possible. In addition, the bank also allocated funds to support Ukrainian refugees in Germany and Lithuania, reported the bank’s press service. CEB membership will open additional opportunities for Ukraine to provide housing for Ukrainians affected by the war, provide social services, and rebuild destroyed social infrastructure, including hospitals, schools, and kindergartens. It is noted that the Bank’s board approved five new loans for €465M, most of which will be aimed at supporting refugees from Ukraine in the CSBR member countries.