URC2025: The EU and its institutions have committed billions in support for Ukraine.

The EU signed agreements worth €2.3B, including guarantees and grants, which will enable Ukraine to attract up to €10B in additional investment, according to EC President Ursula von der Leyen. She also announced the launch of the Global Reconstruction and Renovation Fund for Ukraine with initial capital of €220M, targeting investments in energy and critical technologies. The goal is to mobilize at least €500M by 2026 to invest in enterprises that will assist Ukraine’s recovery.

Additionally, the EIB Group and the European Commission introduced a new €600M support package, mostly in the form of EIB loans backed by EU guarantees. This package will fund critical energy and transportation infrastructure, support Ukrainian small and medium-sized enterprises, and stimulate the private sector.

The EIB, EBRD, and EC also launched the Ukraine FIRST (Infrastructure Project Facility) fund, a new project preparation program with a €30M budget that is designed to expedite infrastructure project planning. Furthermore, the EIB announced expanded grant programs that are aimed at strengthening community energy resilience, with a total budget of around €40M.

Germany and the EIB agreed to support coal-dependent Ukrainian regions through the IKI Fund’s JTR-U program, with Germany adding an extra €19.6M to IKI.

The Ukrainian and German Ministries of Economy (BMZ), Norway’s Minister of Foreign Affairs, the EC, and the GIZ signed a five-party declaration of intent to advance the STEP in 2 EU program, aimed at supporting Ukraine’s economic growth. This initiative provides an additional €25M, raising the program’s total funding to €41.5M. The extra funds will support small and medium-sized enterprises, continue the digitalization of business services, and expand training programs for regional economic institutions.