"Opening of the EIB Regional Office for Eastern Europe in Kyiv is one of the steps towards full integration into the EU" - Sergii Marchenko

Today, on 27 November, Minister of Finance of Ukraine Sergii Marchenko participated in the meeting of Prime Minister of Ukraine Denys Shmyhal with the leadership of the European Investment Bank (EIB).  

The Bank was represented by EIB President Werner Hoyer and EIB Vice President Teresa Czerwińska. 

"The EIB's consistent support for Ukraine is one of the steps towards strengthening cooperation with the European Union. The implementation of future projects will help in the process of restoring the infrastructure destroyed by russia's armed aggression, including schools, hospitals, bridges and water supply systems. Strengthening cooperation in these areas is of great importance for Ukraine, our economic stability and the creation of proper living conditions for Ukrainians," said Minister of Finance of Ukraine Sergii Marchenko. 

During the visit, the EIB's management, headed by President Werner Hoyer and Vice President Teresa Czerwińska, opened the Bank's Regional Office for Eastern Europe in Kyiv. The opening ceremony was also attended by Deputy Minister of Finance of Ukraine Olga Zykova and the EU Ambassador to Ukraine Katarina Mathernova.

"Since the beginning of russia's full-scale invasion of Ukraine, the Bank's support has played an important role in overcoming the economic consequences of the war. The opening of the office will enable effective support for further recovery and reconstruction efforts," added Olga Zykova. 

The aim of the office is to provide enhanced support to Ukraine and other Eastern European countries in close cooperation and coordination with the EIB's offices in Moldova and the South Caucasus (Georgia).

"As an EU bank, our visit to Ukraine is a sign of unwavering support. From the very beginning of the russian invasion, we have worked with the Government of Ukraine to facilitate reconstruction projects, supporting the country's resilience. With the opening of our EIB Regional Representation for Eastern Europe in Kyiv, we want to underline our commitment to support. Ukraine is an integral part of the European family, and the EIB is a key part of the EU's long-term support," said President Werner Hoyer.

The parties also discussed the prospects for new joint projects to restore the damaged infrastructure.

Additional Information

The European Investment Bank is the lending institution of the European Union and the largest multilateral financial institution in the world, and one of the largest providers of climate finance.

Since the beginning of russia's full-scale invasion, the EIB has provided EUR 1.7 billion in assistance to Ukraine to cover priority budget expenditures. The Bank has also provided a EUR 4 billion credit line to support the integration of refugees from Ukraine in the EU. 

Through the EU for Ukraine initiative and the EU4U Fund, the Bank remains committed to strengthening its engagement in Ukraine in line with the mandate given by EU leaders and in close cooperation with the European Commission, the European Parliament, EU Member States and international partners.