At the Ukraine Recovery Conference 2026, Ukraine signed a series of agreements with the European Investment Bank and the European Commission that will unlock over €470 million in funding to restore critical infrastructure and stimulate the economy. This was announced by Oleksiy Kuleba, Deputy Prime Minister for the Restoration of Ukraine and Minister for Communities and Territories Development.
According to Kuleba, cooperation with European partners will accelerate the restoration of key facilities, expand access to social housing, modernize water supply systems, and strengthen transport links with the European Union. A significant portion of the funds – €96 million – will be allocated for road and bridge repairs and the development of border infrastructure. Another €100 million will be dedicated to launching a pilot program for modern social housing for internally displaced persons and young professionals in five Ukrainian cities, while €25 million will go toward modernizing water supply and sanitation systems damaged by the war.
A separate funding component addresses the business and energy sectors. Specifically, €80 million will be directed toward establishing the European Flagship Fund to attract private sector investment, and Ukreximbank will receive €100 million to finance energy efficiency projects for small and medium-sized enterprises. Furthermore, €500 million in guarantees will be provided to ensure access to financing for 10,000 entrepreneurs, including veterans and companies affected by the war. An additional €1 million has been allocated for technical assistance to ensure transparent management of the hydropower sector’s recovery.