Breaking News
The employees of Swisscom can buy more holidays

The EIB cuts its investment activities in Ukraine

The European Investment Bank announced that it freezes its activities in Ukraine after the death of at least 26 people in the worst incidents that have occurred in the country the last 20 years. At present the situation is so tough that, politically, it would send a wrong message if we continue investment activities in Ukraine, said at a press conference in Brussels, the President of the EIB Werner Choger. He also noted that this would be irresponsible on our part towards people who trusted us this project.

European Investment Bank

European Investment Bank

In recent EIB activities in Ukraine include the extension of a subway line, the modernization of air traffic control and a credit line for financing small and medium enterprises. The financing agreements signed with the Ukraine from 2007 to 2013 amounted to 2.149 billion euros. Choger said the EIB will wait to see how things develop in Kiev. At present we do not negotiate. Was there a plan under which they would investigate some areas for investing activities, which would require moving to Ukraine, and stopped yesterday evening, he revealed.

Ukraine

Ukraine

As was said, they will wait for the official response of the European Union of the extraordinary meeting of foreign ministers of member countries to be held on Thursday, before they decide on further actions. I think it would be completely wrong to normally continue our work in Ukraine while people are slaughtered in the streets of Kiev, he added.

By Nicole P.

Leave A Reply