The European Union's investment bank has called for more budget guarantees from the bloc's 27 members to match or exceed this year the 2.2 billion euros ($2.4 billion) spent in Ukraine since the Russian invasion in February 2022. The European Investment Bank (EIB), the EU's lending arm, said it had already disbursed 1.7 billion euros and had another 540 million for ongoing projects. EIB head Werner Hoyer said much more would be needed to rebuild the country from the war, a task the World Bank last September estimated at $350 billion. To read the original story by Reuters, click here.
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