KYIV, Oct 8 – The European Investment Bank has approved the Ukraine Energy Rescue Plan, foreseeing up to EUR 600 million in EU-backed financing for critical energy projects in the public and private sectors to meet urgent heating and power needs of wartime Ukraine, EIB President Nadia Calvino announced.

"The Ukraine Energy Rescue Plan is a crucial measure to ensure that millions of Ukrainian citizens and businesses have the electricity and heat they urgently need to face the coming winter. We aim to invest up to EUR 600 million, leveraging the European Union's Ukraine Facility and the contributions of our shareholders, the EU member states. The EIB is also strengthening Ukraine's energy infrastructure for the future. Together with our EU partners, our support is unwavering, working hand-in-hand with Ukraine in this critical phase and for the better times ahead," Calvino cited in an EIB press release after the meeting of EU finance ministers in Luxembourg on Tuesday.