Britain has pledged nearly $381.5 million to help Ukraine rebuild and keep its lights on. Foreign Secretary Yvette Cooper announced the recovery and energy-security package at the Ukraine Recovery Conference in Gdańsk, covering nuclear fuel for Ukraine's reactors, two new wind farms, support for business, and an overhaul of the justice system, the British government said.

The package is anchored by the $282 million deal for British firm Urenco to supply enriched uranium to state operator Energoatom, which the UK first announced on 16 June and has now folded into its Gdańsk pledge.

"The deal will also boost the British economy, as Urenco employs more than 650 people in the UK and its Chester site supports more than 4,500 jobs around the UK in the wider supply chain," the UK government said. 

Britain funds war-crimes cases

Part of the package goes to modernizing Ukraine's justice system. The funding will help build systems to hold perpetrators of war crimes accountable, speed up court processes, and fight corruption, the government said.

Cooper framed Ukraine's security as inseparable from Britain's own, called a just and lasting peace "urgent and non-negotiable," and said backing Kyiv now creates a strong partner for London later.

Investment arm backs wind power

British International Investment, the UK's development-finance institution, will invest about $85 million into Ukraine's renewable energy and banking sectors alongside the European Bank for Reconstruction and Development.

The money will help build two new wind farms and support Ukrainian businesses through Bank Lviv.

“An enduring peace in Ukraine will not be secured through military support alone, but through our collective commitment to rebuilding communities, strengthening institutions, and deepening joint action," Deputy Prime Minister David Lammy said. 

Nuclear fuel replaces Russian supply

The fuel deal continues Ukraine's break from Russian nuclear supply. After 2022, Kyiv switched its reactors from Russian fuel to Western assemblies and now relies on nuclear power to replace the thermal capacity destroyed by Russian strikes.

Urenco's enriched uranium, financed through UK Export Finance over two years, adds another non-Russian link in that chain as Moscow keeps targeting the grid before winter.

Ukraine has unlocked a $3.39 billion World Bank package by completing a slate of reforms. The Finance Ministry and the World Bank signed the first Development Policy Operation for jobs and private-sector growth at the Ukraine Recovery Conference in Gdańsk, after Kyiv passed 13 laws and 7 bylaws required by the program, Prime Minister Yulia Svyrydenko said.

The money will go to macro-financial stability and priority budget spending in a country that funnels all its own tax revenue into defense and runs much of the rest of the budget on foreign financing.

The package is also a reform receipt: the World Bank releases the cash only after Ukraine implements the attached changes, the same condition that drives its bid for EU membership. 

Allies backstop loan

The financing splits into two. A $1.04 billion development-policy loan is backed by a $500 million UK guarantee and $540 million in credit support from Japan, while a $2.35 billion grant comes from the F.O.R.T.I.S. Ukraine fund, short for Facilitation of Resources to Invest in Strengthening Ukraine.

It is the first of two planned operations in the series, and Svyrydenko thanked World Bank President Ajay Banga, Japan, and the UK for the backing.

Reforms cleared conditions

Ukraine met the terms with 13 laws and 7 bylaws spanning public procurement, factoring, integration of the energy market with the EU, agriculture, veteran entrepreneurship, housing, preschool and vocational education, and the restoration of greenhouse gas monitoring.

The procurement law alone binds about a quarter of the wartime economy to EU rules and cleared an early hurdle in accession talks.

Kyiv eyes postwar economy

Svyrydenko said she and Banga discussed the next stage, an "Economy of the Future" strategy aimed at defining what Ukraine's economy will become after the war.

She placed affordable mortgages at the center of efforts to bring displaced Ukrainians home, and said privatization should proceed in stages and transparently, drawing in strategic investors and raising the value of state assets rather than selling them in haste.

Foreign financing covers nearly half the budget as Ukraine's projected 2026-2027 deficit reaches about $91 billion.

Ukraine's fund for repairing its war-battered power grid is €650 million short of what it needs for winter. On the eve of the Ukraine Recovery Conference in Gdańsk, the European Commission, Ukraine's Energy Ministry, and the Energy Community Secretariat urged current and would-be donors to channel funds into the Ukraine Energy Support Fund, so critical equipment can be bought and infrastructure repaired before the cold sets in.

Since 2022, G7+ countries have put €1.95 billion through the fund to keep Ukraine's grid standing under Russian fire, money spent on priorities set by Kyiv's Energy Ministry to build a strategic equipment reserve, speed up procurement, and shorten delivery times for critical parts. 

Fund runs low before heating season

First Deputy Prime Minister and Energy Minister Denys Shmyhal said that partners have contributed more than €300 million this year, but the fund still faces over €650 million in unmet needs.

Without new contributions, the next round of projects will be stopped, he warned.

The parties stressed that preparing for winter demands coordinated and urgent action, and that the G7+ energy coordination group is still working to mobilize what Ukraine needs to get through the season.

Russia targets the grid each winter

Russia has hammered Ukraine's energy system every winter since 2022. Its 2025-26 campaign ran more than 257 strikes on power infrastructure by February and damaged or destroyed all 15 of Ukraine's thermal power plants, yet failed to split the grid or break public will.

The grid survived on imports and emergency repairs, with little buffer left. Direct damage to the energy sector now nears $25 billion, with full reconstruction estimated at about $91 billion.

Gdańsk conference opens this week

The conference widens its appeal to a large audience. URC 2026 runs 25-26 June in Gdańsk and draws roughly 5,000 participants, including heads of state, government officials, financial institutions, and business, with Prime Minister Yulia Svyrydenko leading Ukraine's delegation, per UkrInform.