European Commission And EIB Announced A New €600 Million Financial Package To Support Ukraine’s Recovery.

Brussels; April 2026: The European Commission and the European Investment Bank (EIB) Group announced a new financial package of over €600 million to support urgent recovery projects in Ukraine, during  the EU-Ukraine Business Summit in Brussels.

The Commission is extending the European Union’s guarantee to the EIB Group, enabling it to provide over €450 million in financing for Ukraine’s recovery. The package also includes around €150 million in EU grants and technical assistance.

EIB financing, backed by EU guarantees, will target key areas of Ukraine’s economy and citizens’ daily lives, including roads, railways, energy networks, as well as energy efficiency in housing and public infrastructure. It will also cover urban mobility and education, helping to maintain basic services and support long-term recovery and reform.

“Today’s announcement reflects the strength of the EU’s partnership with Ukraine”, said EIB Vice-President Karl Negammer. “We are stepping 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”.

The European Union guarantees complement the €2 billion in guarantees provided to the EIB Group in 2025 under the Ukraine Investment Framework, which is part of the European Union’s €50 billion Ukraine Facility to attract public and private investment to Ukraine. Together, these guarantees expand the EIB Group’s ability to support Ukraine’s reconstruction priorities.

“Now is a good time to invest in Ukraine”, said EU Commissioner for Enlargement Marta Kos. “The country is emerging as one of the most strategic investment destinations in Europe – innovative, full of potential and increasingly important for Europe’s future. Cooperation between EU and Ukrainian companies also lays the foundation for strengthening European sovereignty in critical technological areas”.

The joint initiative reflects the “Team Europe” approach, which brings together European Union institutions to mobilise investment, support basic services, and help Ukraine build a more resilient and sustainable future.

“These additional EU guarantees are of great importance, in particular for supporting public sector projects and the restoration of critical infrastructure and energy,” said Oleksiy Sobolev, Minister of Economy, Environment and Agriculture of Ukraine. “They provide an opportunity for one of our key investment partners, the EIB, to expand financing for urgent projects across the country. We are grateful to our European partners for this new financial support package and look forward to its swift implementation, which is critical to meeting the urgent needs of the recovery”.

Ukraine Facility is a European Union financial assistance program for Ukraine. For the period 2024 –2027, the EU will allocate 50 billion euros to finance the state budget, stimulate investment, and provide technical support for the implementation of the program.

“Ukraine Investment Framework” is the investment component of the EU program “Ukraine Facility”, aimed at attracting public and private investment for the reconstruction of Ukraine. It is implemented through European and international financial institutions, in particular the EIB Group, the European Bank for Reconstruction and Development, the International Finance Corporation, the Council of Europe Development Bank, as well as bilateral financial institutions, such as development banks of the Member States and export credit agencies. This component provides guarantees to financial institution to reduce investment risks and stimulate investment. The component also provides for the possibility of providing grants and technical assistance.

The EIB has been operating in Ukraine since 2007 and significantly increased its financial support to the country following Russia’s full-scale invasion in 2022. Since then, the bank has provided over €4 billion in financing. Through the EU for Ukraine initiative(EU4U), as well as playing a key role in the implementation of the Ukraine Facility, the EIB is actively expanding its activities in accordance with  the mandate given by the leaders of the European Union, in close cooperation with the European Commission, the European Parliament, Member States and international partners.

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