A group of European Union member states pledged to contribute over €400 million to the European Investment Bank's fund to support the recovery and reconstruction of Ukraine, with first disbursements beginning in autumn,
Bloomberg reports.
The EIB and the finance ministers of 16 countries signed a letter of intent to contribute to the "EU for Ukraine" fund on Thursday. France and Italy pledged to provide €100 million each. The fund will serve as "a temporary bridge solution until longer-term EU measures become available," the EIB said in a statement.
