The European Investment Fund (EIF) and the Danish Export Credit Agency EIFO have signed the first agreement under the European Union’s export credit guarantee program for Ukraine. This initiative aims to support European companies operating with Ukraine and strengthen Ukraine’s economic integration with the EU.

The signed guarantee – the first of 13 similar agreements being prepared in EU member states – provides up to €20 million in financing for export credit operations, enabling around 40 Danish companies to bolster their presence in the Ukrainian market.

The EIF’s guarantee mechanism is implemented within the innovative “export credits” program, supported by the European Commission’s InvestEU initiative.

This initial agreement with EIFO marks the start of a series of approximately 13 similar agreements in EU member states. In total, the export credit program, which envisages providing around €300 million in guarantees to support European SMEs and mid-cap companies from the EU, received applications far exceeding available funding just weeks after its launch in July 2024. This indicates strong interest from European businesses.

Reference source: http://surl.li/hjtfrdeswaqsefth