EU, int'l banks allocate €1B euros for grain exports from Ukraine

The European Union and international banks allocate one billion euros for the export of grain from Ukraine, the President of the European Commission Ursula von der Leyen said, Report informs.

Leyen noted that 250 million euros of this financial tranche, joined by the World Bank, the European Investment Bank, and the European Bank for Reconstruction and Development, will be allocated by the European Union.

She emphasized that these funds will be directed to the repair of roads and the development of border crossing points on the border with Moldova, especially to reduce the waiting time for trucks carrying products.