EIB to cover 50% of costs of internet cable to be laid under Black Sea

The European Investment Bank (EIB) is ready to cover half of the costs of the Internet cable, which will be laid under the Black Sea, with a total cost of 45 million euros, German Foreign Minister Annalena Baerbock said, Report informs citing the German press.

“The Internet cable planned to be laid under the Black Sea within the Global Gateway program of the EU will cover Armenia and Azerbaijan and will connect these countries with us. The EIB is ready to cover about half of the total costs,” she said.