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Fresh financial commitments were announced in Brussels as European institutions stepped up efforts to support Ukraine’s wartime economy.
According to the Ukrainian outlet, United24Media, the agreements aim to reduce investment risks while sustaining critical infrastructure.
The deals were signed during the EU-Ukraine Business Summit, signaling continued backing from European partners.
New funding deals
According to Ukrinform, the European Commission and the European Bank for Reconstruction and Development agreed on €363 million ($425 million) in guarantees to support small businesses.
The outlet cites European Commissioner for Enlargement Marta Kos for saying the initiative introduces protections against wartime damage.
“Today we signed two new guarantee agreements worth €363 million ($425 million) with the European Bank for Reconstruction and Development to support small businesses,” she stated on April 24.
She added: “This means that EU guarantees will protect companies from losses caused by war-related destruction.”
Infrastructure support
Separate agreements target Ukraine’s strained infrastructure. Ukrinform reported that a €600 million ($702 million) deal with the European Investment Bank will fund transport and energy projects.
An additional €95 million ($111 million) agreement with Slovakia’s Eximbanka is focused on stabilizing Ukraine’s electricity system.
Kos said the measures are intended to attract private investors despite ongoing risks. “In short, this is a significant part of our EU support. It is about reducing the risks of investing in Ukraine for both Ukrainian and European companies,” she said.
Investment outlook
Kos encouraged businesses to act quickly, emphasizing Ukraine’s growing strategic importance. “Now is a good time to invest in Ukraine,” she concluded.
Ukraine applied for EU membership shortly after Russia’s full-scale invasion in 2022 and received candidate status the same year.
Kyiv has made steady progress aligning with EU standards under its 2014 Association Agreement, completing most required reforms.
However, accession talks face delays, with political obstacles, including Hungary’s opposition, slowing progress on key negotiation areas.
Sources: Ukrinform, European Commission, United24Media
