EU to assign 2.3 bln euros for Ukraine's recovery - European Commission president

BRUSSELS. July 10 (Interfax) - European Commission President Ursula von der Leyen announced a new package of financial assistance to Ukraine's recovery totaling 2.3 billion euros on Thursday.

"Today, the EU reaffirms its role as Ukraine's strongest partner. Not just its top donor, but a key investor in its future. With 2.3 billion euros in agreements signed, we aim to unlock up to 10 billion euros in investments to rebuild homes, reopen hospitals, revive businesses, and secure energy," von der Leyen said at the Ukraine Recovery Conference held in Rome on July 10-11.

According to the European Commission communique, von der Leyen "unveiled today a new 2.3 billion euro package of agreements with international and bilateral public financial institutions to support Ukraine's recovery and reconstruction efforts,"

The new package includes 1.8-billion-euro investment by loan guarantees and the rest in grants. The program is expected to help draw up to 10-billion-euro investment, the communique said.

By disbursing a new tranche of macrofinancial assistance in an amount of one billion euros to Kiev, the European Union remains Ukraine's biggest donor, having provided almost 165 billion euros since 2022, von der Leyen said.

"As part of this support, I can announce 1 billion euro payment in macrofinancial support as well as a payment of more than 3 billion euros from the Ukraine Facility," she said.

"This year alone we will cover 84% of external financing needed," von der Leyen said.