France will allocate €200 million to Ukraine to support the country's reconstruction and integration into the European market, Ukraine's Prime Minister Denys Shmyhal said on Tuesday.
This agreement on the funding was reached during a meeting between Shmyhal and French Prime Minister François Bayrou in Paris, according to a press release from Ukraine's government.
In addition, the French government confirmed it would provide €1.5 billion in guarantees through export credit insurance mechanisms.
"We are preparing important agreements on cooperation in the defence-industrial sector, critical raw materials, and strategic industries. We are keen to develop our defence partnership and establish joint ventures," Shmyhal said.
Since the start of the Russian full-scale invasion in February 2022, Ukraine has received €2 billion in direct budgetary support from France, as well as significant humanitarian, energy, and military assistance, Shmyhal noted.
