International Water Power
Summary
The European Investment Bank (EIB) Group and the European Commission announced the funding during the Ukraine Recovery Conference in Rome. The new package brings the EIB Group’s total support for Ukraine to €3.6 billion since the start of Russia’s full-scale invasion in 2022.
The package includes two €50 million EIB loans to Ukrgasbank and Oschadbank, which will channel funding to municipalities for improvements to district heating, decentralised energy generation and public-building energy efficiency.
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