As part of the "Path of Solidarity" initiative announced by the European Union in May 2022 for the export of Ukrainian grain, one billion dollars will be attracted from EU states and international partners. Such data was published by the European Commission on Friday.
The executive body of the EU notes that the "solidarity routes", thanks to which more than 15 million tons of Ukrainian agricultural goods have already been exported, are "reaching the limit of their carrying capacity" against the background of high logistics costs.
"To support and further increase the capacity of "solidarity routes", we are mobilizing significant investments through various current EU programs and national programs," the European Commission notes.
In particular, the European Commission itself will urgently allocate 250 million euros in grants for the development of "solidarity routes", and in the medium term - another 50 million euros for expanding their capacity through the "Uniting Europe" Fund.
In addition, by the end of 2023, the European Investment Bank plans to invest up to 300 million euros in projects that meet the goals of the "Paths of Solidarity". The European Bank for Reconstruction and Development will invest the same amount during 2022-2023.
Ultimately, up to $100 million more will be provided by the World Bank Group in 2023 to repair and restore war-damaged rail and road infrastructure.
"We also call on our international partners to provide further financial support to these measures, which are of great importance for Ukraine, the Republic of Moldova, and global food security," they urged the European Commission.
