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externalReuters: European Investment Bank aims to raise 100 billion euros for Ukraine.

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July 4, 2022 8:35 amby The Kyiv Independent news desk

The lending arm of the EU will propose an investment of $104.3 billion to rebuild Ukraine on July 4 at the Ukraine Recovery Conference in Switzerland, reports Reuters. The EU-Ukraine Gateway Trust Fund would gather contributions from EU countries and budget in grants, loans, and guarantees. The European Commission must give its assent, after which EU countries would then decide whether to contribute.

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The Kyiv Independent news desk
Author:  The Kyiv Independent news desk
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