9 Oct 2023 15:42

Netherlands provides over 100 mln euros in new support package for Ukraine

MOSCOW. Oct 9 (Interfax) - The Netherlands has earmarked 102 million euros for the third support package for Ukraine in 2023 to be spent on investments, reconstruction, and reforms, Ukrainian media reported with reference to the Dutch government.

"Of this additional contribution, 60 million euros will be spent on supporting Dutch companies wishing to contribute to the country's recovery. These funds are intended to insure export credits covering payment risks for investments and transactions in the country. In addition, to help Ukraine prepare for winter, 30 million euros will be spent on buying gas and supply components for power grids. The remaining 12 million euros will be spent on supporting local communities and for the IMF's technical assistance to Ukraine in carrying out reforms," the report says.

The new support package is based on the Ukrainian government's, the World Bank's, and the European Commission's assessment of the country's needs, it said.

In particular, as part of preparations for winter, the Netherlands is providing Ukraine with 20 million euros to buy gas and create strategic gas reserves through the European Bank for Reconstruction and Development and 10 million euros to buy transformers, commutation components, and cables essential for power system repairs.