Ukraine to receive record-breaking financial aid package from EU and partners for recovery, energy, air defense, and agriculture. Prime Minister Denys Shmyhal has announced multi-billion euro agreements reached during the Ukrine Recovery Conference in Rome.

Among them is the creation of a new European Flagship Fund worth €500 million, set to launch in 2026 with a focus on energy and infrastructure investment.

In addition, under the Ukraine Facility, agreements have been signed for:

• €1.8 billion in loan guarantees,
• €580 million in grants,
• and blended financing mechanisms.

Meanwhile, European Commission President Ursula von der Leyen, commenting on the deal, stated that the EU aims to unlock up to €10 billion in investments to “rebuild destroyed homes, reopen hospitals, support businesses, and ensure energy security.”

Switzerland has committed €5 billion for economic recovery efforts.

The European Investment Bank is providing Ukraine with:

• €134 million for transport infrastructure,
• and a €200 million loan to Ukrhydroenergo (with the first €120 million tranche) to help restore hydropower plants.

Separately, the UK is offering a $2.3 billion loan for Ukraine’s air defense needs. The funds will be used to procure weapons and defense materials from the UK. The loan has a 19-year term with a 6-year grace period.

Ukrainian farmers will also receive €50 million in grant aid.

Shmyhal added, “We’ve reached an agreement with the Council of Europe Development Bank to fund €100 million in housing certificates under the eRecovery program, and an additional €200 million loan to support internally displaced persons.”