Ukraine will receive €650 million from France to support critical infrastructure and local authorities. The Presidents of Ukraine Volodymyr Zelensky and France Emmanuel Macron are to sign two agreements providing for financial assistance in the form of loans and donations. This was reported by LeMonde.


The signing ceremony will take place on June 7.


As noted in the Elysee Palace, the first agreement will provide the French Development Agency with 400 million euros in loans and 50 million euros in donations until 2027. This will allow the agency to expand its activities in Ukraine, particularly in the energy and transport sectors, as well as to develop its administrative capacity.


The second agreement provides for the creation of a “support fund” for critical infrastructure. This fund will receive 200 million euros to support French companies in future tenders in such areas as energy, transport, water, sanitation, healthcare, and agriculture.


The Elysee Palace also noted that these funds will be used to finance important projects aimed at strengthening and restoring energy infrastructure, which is often the target of shelling and strikes by Russia.