The European Commission announced €2.3 billion in financial support to help Ukraine rebuild despite ongoing Russian attacks.
This aid includes €1.8 billion in loan guarantees and €580 million in grants provided by international and bilateral public financial institutions, EU Commission President Ursula von der Leyen made the annoucement at a conference in Rome focused on Ukraine’s recovery plans.
Meanwhile, Kyiv faced a heavy barrage of hundreds of Russian drones (400) and more than a dozen missiles (18), resulting in two fatalities during the second major airstrike in two days.
The €2.3 billion forms part of the broader Ukraine Investment Framework, which von der Leyen said could mobilize up to €10 billion in total investments for the country’s rebuilding efforts.
Additionally, the Commission announced the launch of a new equity fund dedicated to Ukraine’s reconstruction, supported by the European Investment Bank alongside France, Germany, Italy, and Poland.
Starting with an initial capital of €220 million, this fund aims to raise €500 million by 2026, providing crucial financial resources to fuel Ukraine’s recovery.
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Ukraine is pushing its European allies to take a political decision to release a proposed $163-billion loan based on frozen Russian state assets next month, as it frets over a gaping hole in the 2026 budget and fallout from an unfolding corruption scandal.
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Ukraine is pushing its European allies to take a political decision to release a proposed $163-billion loan based on frozen Russian state assets next month, as it frets over a gaping hole in the 2026 budget and fallout from an unfolding corruption scandal.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 19th of November, covering the latest developments you need to know.
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