The French Development Agency (AFD) will provide state-controlled Ukrgazbank with a EUR25 million credit line, EUR10 million in loan guarantees, and up to EUR10 million in grants and technical assistance to enable the bank to continue financing Ukrainian municipalities.
A letter of intent to that effect was signed on Wednesday in Gdańsk on the sidelines of the Ukraine Recovery Conference (URC 2026) at an event organized by Ukrgasbank and Deloitte titled “Strategic Cooperation for Ukraine’s Prosperity: Joining Forces of the State, the Private Sector, and Donors to Promote Recovery,” reports a correspondent for the “Interfax-Ukraine” news agency.
“Thanks to the vital support from the European Commission, we are developing a new financial aid package. These funds will be directed directly to our local municipalities and cities. This will help communities affected by the war to rebuild, recover, and remain strong,” commented Rodion Morozov, acting chairman of the board of Ukrgasbank, on the signed document.
According to him, a significant portion of this funding will be directed toward financing municipal energy projects.
Ukrgazbank, 94.94% of whose shares are owned by the Ministry of Finance, ranked sixth among Ukrainian banks as of May 1, 2026, with total assets of 238.82 billion UAH.
