Since February 2022, the EBRD has invested more than EUR 9 billion in Ukraine’s public and private sectors

Minister of Finance of Ukraine Sergii Marchenko met with First Vice President of the European Bank for Reconstruction and Development (EBRD) Gregory Laurence Guyett, Vice President Matteo Patrone, Managing Director for Ukraine and Moldova Arvid Tuerkner, and other representatives of the Bank. 

The meeting was also attended by Deputy Ministers of Finance Olga Zykova and Oleksandr Kava, Deputy Minister of Finance for European Integration Yuriy Draganchuk, and the Government Commissioner for Public Debt Management Yuriy Butsa.

The parties discussed the implementation status of the EBRD’s current project portfolio in Ukraine’s public and private sectors, as well as priorities for further financing, in particular support for Ukraine’s energy system. Special attention was paid to reforms of capital market infrastructure, corporate governance of state-owned banks, and the public investment management (PIM) reform.

“Since the start of russia’s full-scale aggression, the EBRD has remained one of Ukraine’s leading donors, investing over EUR 9 billion in the recovery of critical infrastructure. We highly value this support and look forward to further deepening our cooperation, including strengthening the Bank’s operational capacity in Ukraine in 2026,” emphasized Minister of Finance of Ukraine Sergii Marchenko.

The parties also focused on ensuring the stable passage of the heating season. In 2022–2025, the EBRD provided nearly EUR 1 billion for emergency gas purchases, including EUR 770 million mobilized in 2025 – of which EUR 500 million was backed by European Commission guarantees and EUR 270 million provided as a revolving credit line under signed agreements with state guarantees. The possibility of allocating EUR 160 million for gas procurement in the near future was also discussed.

In addition, the parties considered potential instruments to support the financial resilience of enterprises with state shares, as well as plans for the privatization of state-owned banks.

For his part, Gregory Laurence Guyett reaffirmed the EBRD’s commitment to continue supporting Ukraine’s recovery and stressed that Ukraine remains one of the Bank’s key investment priorities.

As a reminder, the European Bank for Reconstruction and Development actively finances initiatives to enhance energy security, support liquidity and resilience of state-owned enterprises, rebuild infrastructure, support micro, small and medium-sized enterprises, and make capital investments in the private sector.

The total volume of EBRD financing provided to Ukraine over the entire period of cooperation amounts to EUR 23 billion. Currently, the EBRD’s active public sector portfolio in Ukraine includes 17 projects with total financing of EUR 3.3 billion. More than EUR 1.7 billion of this amount has been mobilized in recent years, primarily to support the energy sector (EUR 1.3 billion) and transport (EUR 400 million).