Latvia to provide almost $13 million to Ukraine in next two years for infrastructure development

Latvia's flag
Latvia's flag

Latvia will provide Ukraine with €6 million ($6.4 million) for infrastructure development in both 2024 and 2025, the government announced on May 22.

The announcement was made following the meeting of Ukraine’s Community Development Ministry and a Latvian delegation headed by Economy Minister Viktors Valainis.

The parties discussed the supply chain, ensuring favorable financial and economic conditions, and bolstering economic cooperation between the countries.

"Latvia will allocate 6 million euros to support Ukraine’s infrastructure in Ukraine – the same amount is designed for 2025 as well" the government announced on its website, citing comments from the Latvian delegation.

Latvia is interested in strengthening economic ties — in particular, in the field of substituting exports of Russian agricultural products, and developing export routes.

The parties also discussed expanded cooperation in railway transport and the use of the eCherga service (border-crossing booking service for international carriers).

Latvia's AirBaltic airline is ready to start operations in Ukraine when air traffic is restored as well, the Latvian delegation assured.

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Read the original article on The New Voice of Ukraine