The EU will mobilize 1 billion euros for the export of grain from Ukraine “Through Solidarity”. The corresponding declaration was published by the European Commission, according to “ProAgro Group” with reference to the information of the Ministry of Agrarian Policy and Food.
Thus, the European Commission will urgently allocate grants of 250 million euros for the development of export “Solidarity Roads”. This will reduce waiting time, improve traffic through border crossing points and access to them.
In addition, EUR 50 million will be mobilised through the Connecting Europe Facility (CEF) to develop the infrastructure needed to further increase the capacity of the Solidarity Roads.
And by the end of 2023, the European Investment Bank plans to invest up to €300 million in projects that meet the objectives of the Solidarity Roads. The European Bank for Reconstruction and Development will invest the same amount during 2022-2023.
Another $100 million will come from the World Bank.
“Please know that your defense, financial, political and humanitarian assistance has saved millions of lives. This is solidarity that clearly demonstrates the strength of European values. When Europe is truly united, no tyranny can take away the freedoms of Europeans,” the President of Ukraine emphasized in his video address on the implementation of the EU initiative “Roads of Solidarity”.
