EIB Group Expands Wartime Support for Ukraine Through Infrastructure Energy and SME Financing Programs

EIB Group Expands Wartime Support for Ukraine Through Infrastructure Energy and SME Financing Programs

(IN BRIEF) The European Investment Bank Group provided almost €1.5 billion in financing to Ukraine in 2025, representing the largest annual support package since the start of Russia’s full-scale invasion. The funding, delivered in cooperation with the Ukrainian government and the European Commission, focused on maintaining essential services such as energy, water, heating, transport, healthcare and education, while also supporting small and medium-sized businesses. Since 2022, more than €4 billion in EU-guaranteed financing has been mobilised to strengthen infrastructure and sustain economic activity during the war. Energy security remained a central priority in 2025, with major investments supporting Naftogaz gas reserves, hydropower rehabilitation through Ukrhydroenergo and municipal heating systems. The financing contributes both to Ukraine’s wartime resilience and to long-term recovery and EU integration efforts.

(PRESS RELEASE) LUXEMBOURG, 26-Feb-2026 — /EuropaWire/ — European Investment Bank Group delivered nearly €1.5 billion in new financing for Ukraine in 2025, marking its highest annual level of support since the beginning of Russia’s full-scale invasion. The funding, provided by the European Investment Bank together with the European Investment Fund, targeted essential sectors including energy, infrastructure and support for small businesses, while also contributing to Ukraine’s progress toward European Union integration.

Working in close coordination with the Government of Ukraine and the European Commission, the EIB Group focused on addressing immediate wartime requirements while laying the groundwork for long-term recovery and reconstruction. Since 2022, more than €4 billion in financing backed by EU guarantees has been mobilised to strengthen vital infrastructure, maintain municipal services and sustain economic activity during the conflict.

The 2025 financing package supported key public services such as electricity supply, water and heating systems, transport networks, healthcare and education infrastructure. Additional resources were directed toward small and medium-sized enterprises through loans, guarantees and equity investments aimed at preserving jobs and maintaining business activity under difficult conditions.

EIB Group President Nadia Calviño emphasized that Ukraine remains a central priority for the institution, noting that continued investment is focused on essential systems that allow daily life and economic activity to continue. These include energy, heating, water supply, transport, healthcare and education services, which form the backbone of the country’s resilience.

European Union Ambassador to Ukraine Katarína Mathernová highlighted the role of EU guarantees in enabling large-scale EIB investments in Ukraine. Combined with European Union grants and technical assistance, this financial support helps strengthen the country’s resilience and supports its path toward closer integration with the European Union.

Deputy Minister of Finance Olga Zykova stressed that consistent external financing remains critical for maintaining government operations and supporting reconstruction during wartime. She noted the importance of ongoing cooperation with the European Investment Bank in funding projects across the country.

First Deputy Minister for Communities and Territories Development Alyona Shkrum pointed to the importance of rebuilding local infrastructure, including housing and municipal services. Cooperation with the EIB is helping Ukrainian cities restore essential infrastructure and maintain services for residents despite the challenges of the conflict.

Deputy Minister of Economy, Environment and Agriculture Yegor Perelygin underlined the importance of financing for Ukrainian businesses during wartime, noting that EIB-backed programs help companies remain operational, protect employment and maintain links with European markets.

Energy Security and Resilience

Strengthening Ukraine’s energy sector remained a major priority for the EIB Group in 2025, reflecting the critical importance of reliable electricity and heating for economic stability and public welfare.

A major operation signed during the year included €300 million in financing for Naftogaz Ukraine, accompanied by a €127 million European Union grant supported through Norway’s contribution to the Ukraine Facility. The funding will help secure natural gas reserves and ensure stable energy supply. As part of the agreement, Naftogaz committed to invest an equivalent amount in renewable energy development and decarbonisation initiatives.

Additional support included €120 million for Ukrhydroenergo to rehabilitate key hydropower facilities that play an important role in maintaining electricity generation capacity. The EIB Group also provided €200 million through partner financial institutions to assist municipalities in repairing and upgrading district heating networks, helping ensure reliable heating services for communities.

Background information

The EIB in Ukraine

Present in Ukraine since 2007, the EIB has stepped up its financial support for the country’s resilience and modernisation since Russia’s full-scale invasion of Ukraine in 2022. Since then, the EIB has provided €4 billion in financing. Through its EU for Ukraine (EU4U) Initiative, coupled with its key role in implementing a dedicated window under the Ukraine Facility, the EIB is strongly committed to stepping up and accelerating its activities in line with the mandate given by EU leaders and in close cooperation with the European Commission, the European Parliament, Member States and international partners.

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SOURCE: European Investment Bank