In 2025, the EIB Group provided a record €1.5 billion in financing to Ukraine, supporting energy, infrastructure, small businesses, and EU integration. Working closely with the Government of Ukraine and the European Commission, the EIB Group addressed urgent wartime needs while advancing long-term recovery. Since 2022, the Group has delivered over €4 billion in EU-guaranteed financing to protect critical infrastructure, sustain municipal services, and maintain economic activity amid the ongoing conflict.
The financing focused on essential services such as energy, water, heating, transport, healthcare, and education, as well as providing loans, guarantees, and equity for small and medium-sized enterprises. EIB Group President Nadia Calviño emphasized that Ukraine remains a top priority, with investments ensuring the systems that support daily life continue functioning despite the challenges of war. EU Ambassador to Ukraine Katarína Mathernová highlighted that EU guarantees enable large-scale investment, enhancing Ukraine’s resilience and integration with the European Union. Ukrainian officials praised the support, noting that it helps restore housing, municipal services, and business continuity while safeguarding jobs.
Energy security was a central pillar of the EIB’s support in 2025. The Bank signed a €300 million operation with Naftogaz Ukraine, complemented by a €127 million EU grant, to replenish gas reserves and stabilize energy supply. Funds were also provided to rehabilitate strategic hydropower plants and modernize district heating systems through partner banks. These measures ensured reliable electricity and heating, key to the country’s stability and resilience.
The EIB Group continued to rebuild essential services across Ukraine, supporting over 500 projects nationwide through Recovery Programmes totaling €740 million, including €100 million in 2025. This included restoring water supply, district heating, municipal infrastructure, schools, hospitals, and housing. A €100 million Ukraine Water Recovery project was launched to repair water and wastewater systems, improving access to safe drinking water and sanitation for millions of Ukrainians.
Strategic infrastructure investments also advanced Ukraine’s connectivity and EU integration. A €134 million loan supported the repair of key bridges and roads and upgraded border infrastructure along EU Solidarity Lanes. The rollout of a €40 million EU-aligned 112 emergency system improved national emergency response, and the inauguration of the first European-standard railway line between Chop and Uzhhorod strengthened transport integration with the EU.
The EIB expanded support for the private sector, particularly SMEs, through financing, equity investments, and EU export credit guarantees. Agreements under the EU4Business Guarantee Facility are expected to unlock around €250 million for approximately 4,600 SMEs, including those led by veterans, displaced persons, women, and young entrepreneurs. Investments in the Ukraine Phoenix Tech Fund and Amber Dragon Ukraine Infrastructure Fund mobilized private capital for recovery, while loans to banks expanded access to long-term financing, supporting jobs and green investment.
Looking ahead to 2026, the EIB plans to maintain energy resilience as a top priority while scaling up support for the private sector, municipal and social infrastructure, and EU integration. Advisory and technical assistance will continue to help Ukraine align investments with European standards. Since its presence in Ukraine began in 2007, the EIB has significantly increased its support following Russia’s invasion in 2022, demonstrating its commitment to Ukraine’s resilience, recovery, and European Union integration.
