The European Bank for Reconstruction and Development (EBRD) is considering providing Kyiv with a loan of up to EUR 50 million to support the liquidity of the municipal utility “Kyivteploenergo” and ensure the uninterrupted provision of critical municipal services amid the war.
According to the bank’s materials, the project is scheduled to be approved on July 22, 2026.
The loan is intended to cover Kyivteploenergo’s critical liquidity needs, including operating and maintenance costs, as well as to offset temporary revenue losses and additional expenses caused by the war.
Due to war-related risks, the loan will be partially covered by a European Union (EU) guarantee for first-loss coverage under the Municipal, Infrastructure, and Industrial Resilience (MIIR) Program as part of the Investment Program for Ukraine (UIF).
The financing is intended to ensure uninterrupted heat supply to schools, kindergartens, hospitals, residential buildings, and businesses, as well as electricity generation for the city and the power grid.
The EBRD notes that the additional strain on Kyiv’s district heating system is linked, in particular, to the significant number of internally displaced persons.
The project is part of the EBRD’s “Resilience and Livelihoods” (RLF) program. It is also intended to support the development and expansion of municipal services for veterans and their families.
As previously reported, in June, Kyiv Mayor Vitali Klitschko stated that the Kyiv City Council must approve a EUR50 million EBRD loan for “Kyivteploenergo” to implement measures under the Capital’s Resilience Plan. He estimated the cost of Kyiv’s priority energy resilience measures at approximately 30 billion hryvnia.
The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to 34 million euros to the municipal utility “Rivneoblvodokanal” for the construction of new wastewater treatment facilities with a capacity of 60,000 cubic meters per day, the reconstruction of three sewage pumping stations, and the implementation of energy-efficient technologies.
According to the bank’s materials, the project is scheduled to be approved on July 22, 2026, and its total cost is estimated at 53.1 million euros.
The loan is to be disbursed in two tranches. It will be supplemented by an investment grant of up to 10 million euros from the Eastern European Partnership for Energy Efficiency and the Environment (E5P) Fund.
Repayment of the loan is fully guaranteed by the Rivne region, and 25% of the loan amount will be covered by a European Union (EU) guarantee under the Municipal, Infrastructure, and Industrial Resilience Program (MIIR) as part of the Investment Program for Ukraine (UIF).
The funds will also be used to install energy-efficient equipment and SCADA automated control systems at Rivneoblvokanal facilities.
The project aims to improve wastewater collection and treatment for approximately 240,000 residents of Rivne and surrounding areas, including internally displaced persons.
According to EBRD estimates, the new treatment facilities will treat 22 million cubic meters of wastewater per year in accordance with EU standards. The project is expected to reduce greenhouse gas emissions by 50% and net energy consumption by 45%.
The project is part of the EBRD’s “Resilience and Livelihoods” (RLF) program, which aims to restore and enhance the resilience of Ukraine’s critical infrastructure. It also includes training company staff to operate the new equipment and establishing a dedicated project implementation team.
As previously reported, in February 2026, the EBRD approved a 12 million euro loan for Rivne to finance the energy-efficient modernization of at least 24 social infrastructure facilities. The project, with a total cost of 19 million euros, also includes a 6 million euro grant from the E5P program and 1 million euros in co-financing from the city.
Raiffeisen Bank has granted the “Pan Kurchak” group a 350 million hryvnia loan to rebuild a factory destroyed by a fire in 2024; 50% of the loan risk is covered by a guarantee from the European Bank for Reconstruction and Development (EBRD) under the Extended Guarantee of the RSF Ukraine Investment Facility.
According to a correspondent for the “Interfax-Ukraine” news agency, the relevant documents were signed on the sidelines of the URC 2026 Conference on Ukraine’s Recovery, which took place in Gdańsk on June 25–26.
According to the report, the loan will be used to reconstruct the plant and install modern, energy-efficient equipment. The project is expected to strengthen the company’s position in the domestic market and enhance its operational resilience.
This is the first project to benefit from the new RSF Extended Guarantee.
As previously reported, the “Pan Kurchak” agro-industrial group was founded in 2001. It is engaged in crop cultivation, the production and sale of compound feed, broiler and pig breeding, and meat processing.
The agribusiness group includes “Western Agrarian Company” (which cultivates 16.7 thousand hectares), “Agrotechnika” LLC (which operates two compound feed mills, an oilseed processing plant, and four grain elevators), “Agidel” LLC (which maintains a parent flock of poultry with a production capacity of 32 million eggs and a broiler complex for 10,000 birds), VMP LLC (processes meat, produces sausage products and semi-finished meat products), Gubin Poultry Complex LLC (operates six farms with an annual capacity of 14 million head of poultry). All of the group’s production facilities are located in the Volyn region.
“Pan Kurchak” also operates a chain of branded stores called “M’yasna Tochka” and “Smarty” (Ukrainian Retail Networks LLC).
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the group is owned by Serhiy and Ivanna Martyniak.
Kredobank and the European Bank for Reconstruction and Development (EBRD) signed two risk-sharing agreements during the Ukraine Recovery Conference (URC 2026) in Gdańsk for new loan portfolios to Ukrainian businesses totaling EUR100 million, the Ukrainian bank’s press service reported.
“The additional EUR100 million from the EBRD will allow Kredobank to expand lending to Ukrainian companies not only in the small and medium-sized business sector but also in the corporate segment,” the press release quoted Jakub Karnowski, the bank’s chairman of the board, as saying.
One of the agreements covers a EUR60 million loan portfolio for small and medium-sized enterprises with annual revenue of up to EUR50 million and up to 250 employees.
It is being implemented under two programs: the EBRD’s “Resilience and Livelihoods Guarantee” (RLG) and the program to support the competitiveness and inclusion of small and medium-sized enterprises in the EU’s Eastern Partnership countries.
Under the RLG, the EBRD’s share of risk-sharing will be up to 70%, and the term of the guarantee coverage will be five years.
The program to support the competitiveness and inclusion of small and medium-sized enterprises in the EU’s Eastern Partnership countries enables Kredobank’s clients to receive grant support of up to 30% for investment projects that meet the EBRD’s requirements.
The EUR60 million agreement also provides for the use of the Enterprise Security Enhancement (ESE) mechanism, which will allow Kredobank to partially write off the debt of companies whose assets were damaged as a result of the war.
Under the second agreement, implemented through the RLG program, a EUR40 million loan portfolio is provided for large companies with no restrictions on revenue or number of employees. The EBRD’s share of risk-sharing will be up to 80%, the guarantee period will be five years, and the maximum amount of a single loan will be EUR4 million.
Both agreements provide for the possibility of lending without additional collateral.
According to Karnovski, the volume of financing for Ukrainian companies within Kredobank’s portfolio, which is covered by the EBRD’s limits and guarantees, has already reached EUR249 million. The funds were directed, in particular, to agriculture, the food industry, logistics, and retail.
As of the beginning of the year, according to information on the EBRD’s website, Kredobank served over 54,000 SME and corporate clients and over 550,000 retail clients.
According to the regulator, as of May 1, 2026, the bank ranked 14th (76.94 billion UAH) among Ukraine’s 58 solvent banks in terms of total assets.
PJSC “Ukrnafta,” a member of the “Naftogaz” Group, signed a grant agreement at URC 2026 in Gdańsk (Poland) with the European Bank for Reconstruction and Development (EBRD) for 44.6 million euros to build 62 MW of distributed generation, according to Serhiy Koretskyi, chairman of the board of NAK “Naftogaz of Ukraine.”
“These funds will help accelerate the implementation of distributed generation projects to support the power grid amid Russian attacks on the energy sector. The €44.6 million grant will supplement the previously secured €80 million loan from the EBRD and allow us to carry out the planned work more quickly,” Koretsky wrote on Facebook on Friday.
He specified that the total capacity of the new generation facilities is 62 MW.
“This, in turn, will strengthen the power grid amid a shortage of generating capacity caused by Russian attacks on energy infrastructure. “I thank the EBRD leadership for their support and trust,” the Naftogaz CEO explained.
He also reported that at URC 2026, Naftogaz and the EBRD signed a memorandum on expanding cooperation in the areas of energy security, infrastructure restoration, and modernization.
According to him, during a meeting between Ukrainian Prime Minister Yulia Svyrydenko and EBRD President Odile Renaud-Basso, specific terms of cooperation were discussed in detail, including securing financial mechanisms for the purchase of imported gas for the upcoming heating season.
As previously reported, Naftogaz signed an agreement with the U.S. EXIM Bank during URC 2026 in Gdańsk, which provides for the possibility of securing up to $300 million to purchase American equipment for the purpose of restoring the oil and gas infrastructure destroyed by Russia.
As Koretsky explained, the next step is practical work with U.S. companies to implement a financial mechanism that will allow for direct lending to U.S. suppliers and contractors for the purchase of equipment by companies within the Naftogaz Group.
At URC 2026, the Naftogaz of Ukraine Group also reached an agreement with the International Finance Corporation (IFC) on cooperation to attract private investment to Ukraine.
In addition, agreements were signed with the Polish company ORLEN regarding the development of LNG supplies to Ukraine and the exchange of expertise in the areas of sustainable development, decarbonization, and ESG.
JSC “Ukrnafta”—Ukraine’s largest oil producer—operates the country’s largest national network of gas stations, UKRNAFTA. In 2024, the company came under the management of Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to restore operations and modernize the format of the gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of “Ukrnafta” is NJSC “Naftogaz of Ukraine,” with a 50% + 1 share stake.
In November 2022, the Council of the Supreme Commander-in-Chief of the Armed Forces of Ukraine adopted a decision to transfer to the state the portion of the company’s corporate rights that belonged to private owners; the company is now managed by the Ministry of Defense.
JSC “Ukrposhta” has completed the installation of 38 modular branches in 16 regions, including Kharkiv, Kherson, Zaporizhzhia, Sumy, Chernihiv, Mykolaiv, and Dnipropetrovsk regions, the company’s CEO, Ihor Smilianskyi, announced on Telegram.
According to a press release published by Ukrposhta, the project was implemented thanks to financial support from the European Bank for Reconstruction and Development (EBRD), which allocated EUR 600,000 in the form of an investment grant from the Special Crisis Response Fund.
“At these branches, local residents can receive pensions and social benefits, order medications through the ‘Ukrposhta.Apteka’ service, receive and send packages and letters, pay for utilities, and use financial services,” Smiliansky noted.
The CEO of the postal operator noted that out of the 40 modular branches installed, two were destroyed during the project’s implementation in the Sumy and Donetsk regions.
It is noted that, depending on the number of residents in the community, the company installed two types of modules. Specifically, there are 25 branches with an area of 22 square meters and another 13 with an area of 45 square meters.
These branches are equipped with ramps for people with limited mobility, autonomous heating systems, and the ability to connect to backup power sources to operate during blackouts.
Smilyansky also added that the number of modular branches will continue to grow in the future, funded entirely by Ukrposhta’s own resources.
In total, during the full-scale invasion, 49 of the company’s permanent branches were completely destroyed, and another 648 facilities were damaged.
Over the past month, “Ukrposhta” has also recorded damage to one branch almost every day.
“In recent weeks, we have once again seen how important it is to quickly resume operations. The enemy destroyed our logistics hub in Kharkiv, and after the attack on Kyiv, only a crater remained where the branch in Troyeshchyna used to be. Every day, other facilities come under fire,” the CEO of Ukrposhta is quoted as saying in the press release.
