The European Commission and the European Investment Bank Group have announced a new financing package worth more than €600 million for Ukraine, to support urgent recovery projects.
The package includes an extension of EU guarantees to the European Investment Bank Group, which will enable the country to mobilise more than €450 million in further recovery efforts. A further €150 million will be provided by the EU in the form of grants and technical assistance.
The funding will focus on areas that are essential for the economy and daily life, including the development of road and rail infrastructure, the modernization of electricity networks and improving energy efficiency in housing and public buildings. Support will also cover urban mobility and educational institutions.
Karl Nehammer, Vice-President of the European Investment Bank, noted that the new package reflects the strength of the partnership between the EU and Ukraine.
"We are increasing our support for concrete investments where they are needed most – from energy security to transport and housing. We remain committed to supporting Ukraine's recovery and its path towards European integration," he said.
It was noted that the EU guarantees complement the €2 billion previously allocated to the European Investment Bank Group in 2025.
"Now is the best time to invest in Ukraine. It is becoming one of the most important strategic destinations for investment in Europe – innovative, with great potential and increasingly important for the future of the continent. Cooperation between EU and Ukrainian companies also lays the foundations for strengthening Europe's independence in critical technological sectors," said EU Enlargement Commissioner Marta Cos.
