The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF) approved this week a total of €7.1 billion in new financing for European tech leaders, energy security, defence, and support for Ukraine.
The EIB Board approved two new investments in venture capital funds aimed at supporting emerging start-ups and local entrepreneurs in Ukraine, as well as energy, transport and digital infrastructure. The EIF also approved an operation to facilitate access to finance for small businesses in Ukraine.
“We are well on track to deliver record financing this year in support of European Union priorities from energy security to supporting Ukraine and strengthening Europe’s voice in a shifting geopolitical landscape,” said EIB Group President Nadia Calviño.
Since the start of the Russian invasion, the EIB Group has provided €4 billion to Ukraine, repairing critical infrastructure, rebuilding schools, kindergartens, hospitals and securing the country’s energy supply.
