European Investment Bank Strengthens Commitment to Ukraine’s Recovery
Ukrainian Finance Minister Sergii Marchenko discussed strengthening financial support for Ukraine with European Investment Bank (EIB) President Nadia Calviño during a meeting in Washington at the IMF and World Bank Annual Meetings.
The Gaze reports on it, referring to the Ministry of Finance of Ukraine.
"Today, we have reached a new level of cooperation: we are attracting loans without state guarantees, with the support of European Union guarantee mechanisms. This opens up new opportunities for expanding partnerships and implementing even more projects necessary for the country's reconstruction," said Finance Minister Sergii Marchenko following the meeting.
The parties discussed the current portfolio of EIB projects in Ukraine, which currently includes 27 projects with a total value of €4.7 billion, including the restoration of roads, railways, bridges, energy and social facilities.
The results of cooperation in 2025 were summarized, in particular, loan agreements worth €374 million and a grant of €15 million were signed, and financing needs for 2026 were outlined.
The Minister of Finance thanked the bank for its unwavering support for the country since the start of the full-scale Russian invasion and stressed the importance of new credit mechanisms.
“The European Investment Bank remains one of Ukraine's key partners and largest creditors. The bank makes a significant contribution to supporting the economic stability of our country — from restoring critical infrastructure and reconstructing buildings damaged by Russian shelling to ensuring a reliable heating season,” he said.
Ukraine and the EIB also discussed expanding support for the energy sector, in particular under EU guarantees for financing gas purchases from Naftogaz of Ukraine in the amount of €300 million and electrical equipment for the restoration of hydroelectric power plants of Private Joint Stock Company Ukrhydroenergo in the amount of €120 million.
Separate emphasis was placed on the effective use of EIB resources in 2026 to implement the investment component of Pillar II Ukraine Facility and preserve the possibility of attracting European Commission guarantees without state guarantees.
As The Gaze reported earlier, President Volodymyr Zelenskyy has called on Ukraine’s Western partners to urgently strengthen the country’s air defense systems, saying that only superior protection can stop Russia’s escalating attacks on energy and civilian infrastructure.