Ukraine recovery: European Commission and EIB Group announce new financing package of over €600 million

On 22 May, the European Commission and the European Investment Bank (EIB) Group announced a new financing package of more than €600 million to support urgent reconstruction projects in Ukraine.

The Commission has extended the European Union guarantee to the EIB Group to enable over €450 million in EIB Group financing for further recovery efforts in Ukraine. In addition, the package includes around €150 million in complementary EU grants and technical assistance.

The EIB financing supported by the EU guarantee will target sectors essential to Ukraine’s economy and daily life, such as roads, railways, power grids and energy efficiency for homes and public infrastructure. Support will also extend to urban mobility and education facilities, helping to maintain essential services while advancing long-term recovery and reforms.

“We are scaling up our support to deliver 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,” said EIB Vice-President Karl Nehammer. 

The EU guarantee tops up the €2 billion made available to the EIB Group in 2025 under the Ukraine Investment Framework, which is part of the EU’s €50 billion Ukraine Facility designed to mobilise public and private investment for the country. Together, they expand the EIB Group’s capacity to deliver financing in support of Ukraine’s reconstruction priorities.

“Now is a good time to invest in Ukraine,” said European Commissioner for Enlargement Marta Kos. “It is becoming one of the most strategic investment destinations in Europe. Innovative, full of potential, and ever more central to Europe’s future. Cooperations between EU and Ukrainian companies also lay the foundation for more European sovereignty in critical technology sectors.”

The announcement was made during an EU–Ukraine Business Summit in Brussels.

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Press release