At the Ukraine Recovery Conference 2026 in Gdańsk on 25 June 2026, European Commission President Ursula von der Leyen announced the first disbursement of €3.2 billion in budgetary support under the €90 billion Ukraine Support Loan, as well as the first instalment of a €6 billion defence package to support drone procurement, to be disbursed in the coming days. The conference, co-hosted by Poland and Ukraine, also saw the signing of agreements worth over €1.1 billion in new financing under the Ukraine Investment Framework, and the launch of the European Flagship Fund for the Reconstruction of Ukraine, the largest equity fund dedicated to Ukraine's recovery.
Von der Leyen, in her opening speech, said the EU's ambition is not only to help Ukraine endure but to help it grow and prosper as a free and European country. The conference took place just ten days after the historic decision to open the first cluster of Ukraine's accession negotiations. The European Flagship Fund, backed by the European Commission through the European Investment Bank, together with France, Germany, Italy and Poland, has an initial capital of €220 million, including a €160 million Commission contribution under the Ukraine Investment Framework, and is projected to leverage up to €7 billion in investments for large-scale infrastructure and productive industries.
Other investments announced include €343 million in grants and guarantees for dual-use technologies and defence industry projects, €478 million for municipal infrastructure, and €100 million for energy security and green transition. The Commission also announced €500 million in new lending operations for small and medium-sized enterprises, facilitated by Ukrgasbank and PrivatBank with European Investment Bank backing. With these agreements, total EU commitments under the Ukraine Investment Framework reach €8.5 billion, expected to mobilise nearly €26 billion in public and private investment. Since the start of Russia's war of aggression, the EU and its Member States have provided €211.3 billion in overall support to Ukraine.
The conference, which runs from 25 to 26 June 2026, brings together governments, international organisations, financial institutions, businesses and civil society to mobilise support for Ukraine's recovery, reconstruction and long-term resilience. Commissioners Valdis Dombrovskis, Andrius Kubilius, Marta Kos and Ekaterina Zaharieva also participated.