Ukraine Recovery Conference 2025: EU announces new €2.3 billion agreements package 

The President of the European Commission, Ursula von der Leyen, today unveiled at the Ukraine Recovery Conference in Rome, a new €2.3 billion package of agreements to support Ukraine’s recovery and reconstruction efforts.

The new package is signed with international and bilateral public financial institutions as part of the Ukraine Investment Framework and includes €1.8 billion in loan guarantees and €580 million in  grants. It is expected to mobilise up to €10 billion in investments in Ukraine.

In addition, delivering on her commitment at last year’s Ukraine Recovery Conference in Berlin, President von der Leyen announced the largest equity fund in Ukraine: a new European Flagship Fund for the Reconstruction of Ukraine, backed by the European Commission – through the European Investment Bank – France, Germany, Italy and Poland (Team Europe approach).

With an initial capital of €220 million, the Fund aims to mobilise €500 million by 2026 – with further fundraising foreseen as security conditions improve. The Flagship Fund will foster the development of a private equity ecosystem in Ukraine, attracting new capital and maximising synergies with existing market players.

“Today, the EU reaffirms its role as Ukraine’s strongest partner. Not just its top donor, but a key investor in its future,” von der Leyen said. “With €2.3 billion in agreements signed, we aim to unlock up to €10 billion in investments to rebuild homes, reopen hospitals, revive businesses, and secure energy. This is solidarity in action. Ukraine is moving closer to the EU every day — in energy, education, roaming, and culture. Europe stands with Ukraine — today and tomorrow.”

The agreements package include:

• Supporting SMEs: €500 million in guarantees and grants to help Ukraine’s small businesses, including start-ups and those employing veterans and displaced persons.
• Mobilising strategic investments: €600 million for large-scale private sector projects in key sectors like energy, transport, and manufacturing.
• Rebuilding cities and communities: €520 million for municipal infrastructure in war-affected areas, including healthcare, urban mobility, and housing.
• Energy security and green transition: €265 million to stabilize Ukraine’s energy grid, rebuild renewable energy capacity, and improve energy efficiency.
• Critical infrastructure: €310 million to repair and rebuild critical infrastructure, including housing, hospitals, and medical facilities.

With the launch of these new investment programmes, total EU commitments under the Ukraine Investment Framework now amount to €5.7 billion, expected to leverage over €18 billion in investments.

The European Commission also announced its proposal for the fourth disbursement under Pillar I of the Ukraine Facility – the Ukraine Plan – expected in August. This fourth payment is worth up to €3.05 billion.

In parallel, the Commission is disbursing €1 billion today under the sixth instalment of the EU’s €18.1 billion Macro-Financial Assistance (MFA) package to Ukraine, which is to be fully paid out by the end of 2025. With this payment, the Commission’s total lending to Ukraine under this MFA reaches €8 billion since the start of the year.

This Ukraine Recovery Conference 2025 is held in Rome on 10-11 July, with objectives to keep the international focus on Ukraine’s recovery, during the war and after.  Ursula von der Leyen is participating in the Ukraine Recovery Conference together with Executive Vice-President Raffaele Fitto, along with Commissioners Valdis Dombrovskis, Andrius Kubilius, Marta Kos, Dan Jørgensen, Ekaterina Zaharieva, and Glenn Micallef.

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Press release