EBRD to mobilise €300 million to boost Ukraine’s energy security
June 6, 2024

EBRD to mobilise €300 million to boost Ukraine’s energy security

In response to Russia’s latest attacks on Ukraine’s energy infrastructure, the European Bank for Reconstruction and Development (EBRD) has announced additional funding of more than €300 million to the country’s state-owned energy companies, including EBRD clients Ukrenergo, Ukrhydroenergo, and Ukrnafta. 

On 5 June, EBRD President Odile Renaud-Basso signed a memorandum of understanding on an energy security emergency response programme with Ukrainian Prime Minister Denis Shmyhal. The EBRD and the Ukrainian government will jointly define priority focus areas in the energy sector.

Under the agreement, the EBRD intends to support the restoration of generation facilities and infrastructure, to facilitate the construction of new distributed flexible generation capacity and to ensure stable and uninterrupted electricity supply across the country.

Since Russia embarked on its full-scale war against Ukraine in February 2022, the Bank has made more than €4 billion of financing available to Ukraine.

Find out more

Press release


Interested in the latest news and opportunities?

This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a GOPA PACE-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.

The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,