The European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF) today agreed to establish an export credit guarantee facility for Ukraine worth €300 million.
The agreement allows the EIF to use the InvestEU investment program to support small and medium-sized European companies that export goods and services to Ukraine.
This initiative, according to the community leader, is part of the European Union’s (EU) efforts to support Ukraine’s economic recovery by promoting trade and economic exchanges.
In the coming weeks, the EIF will announce an expression of interest to begin offering guarantees to export credit agencies to support companies from EU member states, as well as Norway and Iceland, that wish to export to Ukraine.
The agreement was signed on the sidelines of a meeting of EU finance ministers in Luxembourg, where support for Ukraine was one of the priorities on the agenda.