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.
The European Bank for Reconstruction and Development (EBRD) plans to sign an agreement at URC 2026 to provide a long-term loan of up to 50 million euros to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC (Volyn Oblast) for the development and construction of a 189 MW wind farm in Ukraine.
“The total amount of debt financing is 191.3 million euros, provided by a consortium of five international development finance institutions: IFC, EBRD (up to 50 million euros), BSTDB, BI Ukraine Limited, and Swedfund International AB,” according to the project description in the EBRD’s indicative action plan for URC 2026 on Thursday.
It is noted that the project will receive a guarantee and funds for technical assistance under the European Union’s Ukraine Investment Framework Hi-Bar program.
The loan itself will be used to finance the purchase of wind turbines, construction of the power plant’s infrastructure, civil and electrical engineering works, as well as related infrastructure.
It is noted that the borrowers are controlled by VI.AN Holding, which is part of OKKO Group AG.
As previously reported, a few days earlier, the EBRD decided to provide a long-term loan of up to 50 million euros to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC for a 189 MW wind farm, while the IFC decided to provide a 42 million euro loan to these companies.
OKKO Group unites more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the “Galnaftogaz” concern, which operates one of Ukraine’s largest gas station chains under the “OKKO” brand, comprising approximately 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
On June 17, the European Bank for Reconstruction and Development (EBRD) approved a decision to provide a long-term loan of up to EUR50 million to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC, both majority-owned by VI.AN Holding, a member of the OKKO Group, to finance the construction and operation of a 189 MW wind farm in Ukraine.
According to the bank’s materials, the EBRD loan will be part of the project’s secured debt financing, with participation from the International Finance Corporation (IFC) and the Black Sea Trade and Development Bank (BSTDB).
The project will also receive guarantee support and grant funds for technical assistance from the European Union under the Ukraine Investment Framework through the HI-BAR program, which reduces risks for investors and helps attract funding to renewable energy and climate technology projects.
Against the backdrop of significant losses in power generation capacity due to the war, this investment is expected to help reduce the electricity shortage, support decarbonization, and strengthen the private sector’s role in the development of renewable energy.
According to the bank’s estimates, the new wind farm will generate approximately 467 GWh of electricity annually and reduce CO2 emissions by about 300,000 metric tons per year. The total cost of the project is estimated at EUR262 million.
OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the “Galnaftogaz” concern, which operates one of Ukraine’s largest gas station networks under the “OKKO” brand, comprising approximately 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
As previously reported, in April 2025, the EBRD, IFC, and the Black Sea Trade and Development Bank (BSTDB) announced a EUR157 million loan to the “Galnaftogaz” Group for a 147 MW wind farm in the Volyn region.
