In 2025, the European Investment Bank (EIB) Group provided Ukraine with nearly €1.5 billion in new financing for energy, infrastructure, small business support, and European integration projects, according to a statement released by the financial institution on Thursday.
“Today, more than ever, Europe stands with Ukraine. It is a priority for us, and our focus is clear: energy, heating, water, transport, health, and education—the systems that underpin daily life and the country’s resilience,” said EIB President Nadia Calviño.
The release notes that since 2022, Ukraine has already received more than EUR4 billion in financing under European Union (EU) guarantees to strengthen critical infrastructure, support municipal services, and maintain economic activity in the context of war.
According to the bank, in 2025, a EUR300 million transaction was signed with Naftogaz of Ukraine to replenish gas reserves, which was supplemented by a EUR127 million EU grant, as well as EUR 120 million for PJSC Ukrhydroenergo to restore strategic hydroelectric power plants and EUR 200 million through partner banks to help communities restore and modernize centralized heating systems.
Three recovery programs totaling EUR 740 million, including EUR 100 million signed in 2025, are financing the reconstruction of water supply, heat supply, and municipal infrastructure (schools, hospitals, housing) in more than 150 communities, with more than 500 projects underway across the country.
Separately, in 2025, the EIB signed the Ukraine Water Recovery project for EUR 100 million to repair and modernize water supply and sanitation systems damaged by the war.
A loan of EUR 134 million has been allocated to transport and European integration infrastructure for the repair of key bridges and roads and the modernisation of border infrastructure along the “solidarity routes”, as well as EUR 40 million for the deployment of an EU-compatible 112 emergency assistance system in Ukraine.
Regarding support for the private sector, the EIB noted the signing of agreements with seven Ukrainian banks under the EU4Business guarantee program, which is expected to unlock approximately EUR 250 million in financing for approximately 4,600 small and medium-sized enterprises (SMEs). The report also mentions investments of EUR 15 million in the Ukraine Phoenix Tech Fund and EUR 50 million in the Amber Dragon Ukraine Infrastructure Fund, as well as a EUR 70 million loan to Ukrgasbank to expand access to long-term financing for SMEs and mid-cap companies.
In addition, together with the European Commission, an EU export credit guarantee instrument worth EUR 300 million is being promoted under the InvestEU program to support European companies exporting to Ukraine.
According to reports, in 2026, the EIB plans to maintain its priority on energy sustainability, expand support for the private sector and SME financing, and strengthen assistance to social and municipal infrastructure and advisory and technical support as part of Ukraine’s preparations for EU accession.
