Ukraine will receive EUR100 mln loan from Council of Europe Development Bank for eRecovery project

16:38, 27.03.2024 1 min read

Ukraine will receive a EUR 100 million loan from the Council of Europe Development Bank for the eRecovery project, said Deputy Prime Minister for the Restoration of Ukraine - Minister for Communities and Territories Development and Infrastructure Oleksandr Kubrakov.

"Plus EUR100 million for compensation for destroyed housing from the Council of Europe Development Bank. The corresponding decision was made by the bank's administrative council, negotiations are ongoing on the signing of a framework credit agreement. This amount will be enough to obtain more than 2,000 housing certificates for Ukrainians whose housing was destroyed as a result of the Russian military aggression," he wrote on Facebook.

As reported, the administrative council of the Council of Europe Development Bank at a meeting on March 25-26 approved the HOME. Compensation for Destroyed Property project, within the framework of which it provided Ukraine with EUR 100 million.