The European Investment Bank (EIB) Group has announced over €470 million in new financing for Ukraine, targeting private-sector investment, critical infrastructure, and social housing. The package, unveiled on 25 June 2026 at the Ukraine Recovery Conference in Gdańsk, Poland, combines loans, grants, guarantees, and strategic partnerships to accelerate Ukraine's recovery and strengthen its economic resilience amid Russia's ongoing war.
The package includes an €80 million EIB commitment to the European Flagship Fund for the Reconstruction of Ukraine, an EU-backed equity fund projected to mobilise over €1 billion in public and private capital. A €100 million loan to Ukreximbank and EU-backed guarantees for PrivatBank and Ukrgasbank aim to unlock around €500 million in financing for small and medium-sized enterprises, with a focus on green investments, energy efficiency, and businesses affected by the war. For infrastructure, a €96 million loan will repair roads, bridges, and border infrastructure, strengthening Ukraine's connectivity with the EU. A €50 million EIB loan, complemented by a €50 million EU grant, will support social housing construction in five cities, expected to deliver 1,000–1,600 units in the first phase. An additional €25 million EU grant will accelerate the Ukraine Water Recovery project, restoring water supply and wastewater treatment systems.
Beyond financing, the package launches the Security and Connectivity Initiative, a framework to guide future investments in transport, energy, and digital infrastructure. The EIB and the European Bank for Reconstruction and Development also presented a joint paper on Ukraine's energy resilience and EU market integration. The GROUND initiative, developed with the Ukrainian government and other international financial institutions, aims to strengthen Ukraine's project implementation capacity. Since Russia's full-scale invasion in 2022, EIB Group support to Ukraine has reached €4.5 billion. EIB Vice-President Karl Nehammer stated that the package reflects the Bank's long-term commitment to Ukraine and its European future. European Commissioner for Enlargement Marta Kos noted that Ukraine is rebuilding while the war continues, and these agreements help move the country closer to the EU. Ukrainian Deputy Prime Minister Oleksii Kuleba emphasised that every project signed brings Ukraine closer to a modern, resilient, and competitive state.
The package impacts several stakeholders. Ukrainian businesses, especially SMEs, gain access to new credit lines and guarantees, supporting war-affected enterprises and green investments. Ukrainian citizens benefit from improved housing, water services, and transport infrastructure, though the scale of need remains vast. EU taxpayers provide the guarantees and grants that underpin the loans, with the expectation of long-term stability and integration. International financial institutions and private investors gain new partnership frameworks, but the success of the equity fund depends on sustained investor confidence in a conflict zone.