The European Investment Bank (EIB) has approved the allocation of EUR 1 billion as the first part of a loan to Ukraine to overcome the crisis in the country, the bank’s press service has reported.
“The EU bank stands ready to sign more than EUR 1 billion in total loans for this year, as part of the EUR 3 billion package targeted for 2014-2016,” EIB President Werner Hoyer said.
Earlier, the European Investment Bank approved a package of the necessary financial aid for Ukraine worth EUR 3 billion until 2016. The EIB also plans to provide a EUR 200 million loan for Donbas.
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