Lithuania pledges €10 Million to Support Ukraine’s economy and Resistance to Russian Invasion 

Over €400 million will be allocated to this initiative, with Lithuania alongside 15 other European Union nations


Lithuania, alongside 15 other European Union (EU) nations, have pledged to contribute to a special European Investment Bank (EIB) fund for Ukraine’s imminent reconstruction. Over €400 million will be allocated to this initiative, with Lithuania specifically donating €10 million, according to the country’s Ministry of Finance. The newly established EU4U fund from EIB is designed to swiftly enhance support for Ukraine’s critical infrastructure reconstruction and fortify its economy. EIB’s president, Werner Hoyer, believes that these commitments will strengthen Ukraine’s economy, potentially even facilitating its EU membership. Ukrainian Prime Minister, Denis Shmyhal, highlighted the urgent international support needed for Ukraine’s swift recovery, particularly in energy, housing, social infrastructure, and the private sector. The countries already pledging specific amounts include France, Ireland, Italy, Latvia, Lithuania, Luxembourg, Poland, Slovakia, Spain, and the Netherlands. Belgium, Croatia, Cyprus, Denmark, Estonia, and Greece have also confirmed their intent to contribute. 

Source: kauno.diena.lt

Jakub Warzecha

Creative copywriter, archaeologist. Interested in history, technology and military matters. Specializes in marketing communications and application architecture design.

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