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European Investment Bank president Nadia Calviño said Ukraine was “our top priority right now,” adding that the bank and Ukraine had signed “agreements to mobilise around €1 billion in investment in the public sector and in the private sector.”
ADVERTISEMENTThe European Union’s lending arm announced new financial support amounting around €1 billion for Ukraine’s recovery and development on Monday. Ukrainian President Volodymr Zelensky and European Investment Bank (EIB) President Nadia Calviño held a joint conference in Kyiv on Monday following their discussions on financial and infrastructural support for Ukraine. “Our commitment to Ukraine is unwavering, and the European Investment Bank is one of the main, if not the main, investment partner to the country right now,” said Calviño. Agreements signed during the visit will mobilize approximately €1 billion in public and private sector investments, focusing on critical infrastructure, energy systems, water supply, and school bomb shelters. Additionally, nearly €500 million will be channeled through major Ukrainian banks to support small and medium-sized enterprises, including those operating near the front lines. Calviño confirmed that the EIB is prioritizing investments in schooling, healthcare, and clean water supply, with further discussions underway to determine the scale of necessary funding, particularly in the housing sector. She stressed that the bank’s objective is to help displaced Ukrainians return to normal life as soon as possible, under conditions of a fair and lasting peace. President Zelenskyy emphasized the importance of these projects, particularly in the humanitarian sector, including education and housing. He also welcomed the bank’s involvement in border crossing infrastructure, which is expected to yield positive results soon. He also said that representatives of US President Donald Trump’s team will visit Ukraine this week, ahead of the Munich Security Conference. Trump’s national security adviser said on Sunday that top administration officials will meet with European officials this week about how to end the war in Ukraine, nearly three years after Russia launched an all-out invasion. Less than a day earlier, the New York Post reported that Trump had a phone call with Russian leader Vladimir Putin to discuss steps toward a negotiated solution. Speaking to reporters aboard Air Force One as he flew to the Super Bowl in New Orleans, Trump declined to discuss his reported phone conversation with Putin. Asked about what he knew about Trump’s conversation with Putin, Zelenskyy said it was important not to “live by rumours and just some kind of messages that are in the media.”
