President of Ukraine

11/07/2024 | Press release | Distributed by Public on 11/07/2024 12:30

Ukraine Strengthens Cooperation with the European Investment Bank

Ukraine Strengthens Cooperation with the European Investment Bank

7 November 2024 - 19:09

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Deputy Head of the Office of the President of Ukraine Iryna Mudra met with the newly appointed Head of the European Investment Bank's Regional Hub for Eastern Europe Kristina Mikulova.

The primary focus of their meeting was the strategic areas of cooperation between Ukraine and the EIB, particularly investments in critical infrastructure and funding for projects aimed at Ukraine's economic recovery.

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Special emphasis was placed on the need to enhance energy security and restore transportation and logistics infrastructure connecting Ukraine to the EU. The European Investment Bank expressed its readiness to support projects that will contribute to Ukraine's energy independence and the modernization of key infrastructure.

Additionally, they discussed the EIB's participation in the EU's Ukraine Facility program, with a budget of €50 billion.

Iryna Mudra also expressed gratitude for the substantial support provided by the EIB since the beginning of Russia's full-scale invasion.

"This meeting confirms the importance of the strategic partnership between Ukraine and the European Investment Bank. With the support of our European partners, we will be able to accelerate the restoration of critical infrastructure and enhance the competitiveness of Ukraine's economy," summarized the Deputy Head of the Office of the President.