Home News France gives Ukraine a new loan of 100 million euros

France gives Ukraine a new loan of 100 million euros

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France will grant a bilateral loan of 100 million euros to help Ukraine, which has been at war since the Russian invasion, the French Ministry of Economy and Finance announced on Tuesday, November 29. This financial assistance comes in addition to a 300 million euro loan granted in March.

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“Financial assistance to Ukraine plays a crucial role in supporting the country’s economic stability and the continuity of public services.”Percy said in a statement. “It also contributes to keeping basic infrastructures running, while the devastation wrought by Russia as winter approaches has intensified and brought disastrous consequences for the Ukrainian population.”We added from the same source.

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30% of Ukraine’s energy infrastructure is damaged

Russia embarked on a campaign of massive missile strikes targeting Ukraine’s energy infrastructure in early October. According to figures quoted by the Ukrainian government, between 25 and 30% of this infrastructure has been damaged.

The disbursement of the money to be paid “in the next few days” According to Percy, the action took place on Monday during a video interview between French Economy Minister Bruno Le Maire, his Ukrainian counterpart Sergei Marchenko, and the French Development Agency (AFD). For its part, Germany announced the provision of “more than 350 generators” to Ukraine.

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In addition to financial support, France notably delivers defense equipment to Ukraine, which has been facing an attack from Russia since February 24.

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