Austrian authorities have created a special loan fund totaling €500 million to support exports and investments in Ukraine amid the Russian invasion.
This was reported by the Ministry of Finance of the country.
The fund plans to provide €500 million over the next five years to support business in Ukraine.
Attracting funds from international financial institutions can increase the volume of financing to one billion euros. Approximately €100 million per year is earmarked for new business.
The Ministry of Finance believes that this program will also open up opportunities for Austrian exporters in the recovery of Ukraine.