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07 Jul 2022
European Parliament praises EIB’s support for Ukraine and contribution to COVID-19 relief
President Hoyer welcomed the reports from the European Parliament and thanked the rapporteurs, Corina Creţu and David Cormand, for their excellent work and cooperation. In discussing the EIB’s quick and decisive reaction in support of Ukraine, President Hoyer highlighted how “none of us imagined that Russia was planning a brutal war and we could not have imagined that hunger would be used as a weapon.” President Hoyer reiterated that “Europeans had to react swiftly to support our Ukrainian partners and friends, and to show that we stand shoulder to shoulder with them”, before adding that the EIB Group had been a very efficient instrument throughout the pandemic, increasing its financing volumes to some 93 billion euros - an absolute record for EIB Group financing.
