Business news from Ukraine

Business news from Ukraine

Italy has already allocated approximately EUR3.2 bln for Ukraine’s recovery

25 August , 2026  

Italian Foreign Minister Antonio Tajani confirmed that a new aid package for Ukraine is being prepared, as well as the continuation of the Italian government’s commitments regarding Ukraine’s security, recovery, and defense.

According to the website of the Italian Ministry of Foreign Affairs and International Cooperation, Tajani made these remarks during a phone call with Ukrainian Foreign Minister Andriy Sybiga on the occasion of the 35th anniversary of Ukraine’s restoration of independence.

During the conversation, Tajani condemned the ongoing Russian attacks on Ukrainian territory and reaffirmed the Italian government’s full support for the Ukrainian people.

“The minister reaffirmed the government’s commitment to maintaining maximum pressure on Moscow, as demonstrated by Prime Minister Giorgia Meloni’s participation today in the Coalition of the Willing. Tajani confirmed that the government’s commitment to Ukraine’s security, reconstruction, and defense remains firm, in particular thanks to a new Italian aid package currently being prepared, as well as support through EU sanctions,” the statement reads.

Separately, the parties discussed food security and maritime safety. Tajani emphasized the importance of the Black Sea and the entire Mediterranean for global food security and ensuring the continuity of Ukrainian grain exports.

He reaffirmed Italy’s readiness to cooperate with Kyiv, in particular by exploring avenues for collaboration with MED9+ initiatives regarding the Strait of Hormuz, underscoring the interconnection between maritime security, economic stability, energy flows, and food security.

The conversation also touched on Ukraine’s recovery. According to the Italian Ministry of Foreign Affairs, Italy has already allocated approximately 3.2 billion euros to support Ukraine’s recovery and reconstruction, in part through contributions from Italian companies.

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