Commissioner Kos visits the European Investment Bank to sign €1.95 billion guarantee under Ukraine Facility

Marta Kos, Commissioner for Enlargement, will be in Luxembourg tomorrow for the signing ceremony of a new €1.95 billion guarantee agreement with the European Investment Bank (EIB) in support to Ukraine. Under the Investment Framework of the Ukraine Facility, this additional guarantee aims to support loans and unlock the potential of private investments, with a specific focus on urgent recovery and reconstruction efforts in Ukraine.

European Commissioner for Enlargement, Marta Kos said: “This guarantee agreement with the EIB underscores the European Union's important role in supporting Ukraine as it faces the fourth year of Russia's brutal war of aggression. We will stand by Ukraine for as long as necessary and with the intensity required. This new guarantee will help Ukrainians rebuild their country. It will help restore water and heating systems, schools and hospitals.”

The funds will support public sector operations across key sectors, including investments in Ukraine's energy networks, covering energy grids, expanding hydropower and renewable energy production, and improving energy efficiency. Support will also go toward modernising railways, enhancing urban public transport, and upgrading transport connectivity, including Solidarity Lanes and border crossing points to facilitate key export routes. Additionally, the financing will help restore municipal infrastructure, such as water and heating systems, public lighting, as well schools, hospitals, and higher education institutions. These objectives align with the Ukrainian government's priorities and needs as expressed in the Ukraine Plan. This funding is part of the European Union's €50 billion Ukraine Facility for the period 2024-2027. 

To further support the implementation of EIB investments under the Ukraine Facility, the EIB and the Ukrainian government have also signed an agreement to deploy a team of advisory experts on the ground in Kyiv. This team will provide hands-on expertise to accelerate the preparation and execution of critical projects and strategic documents, starting with energy, transport and housing and expanding to other sectors, including contributions to Public Investment Management reform.

More information on the Ukraine Facility is available online.

(For more information: Guillaume Mercier – Tel.: +32 2 298 05 64; Eirini Zarkadoula – Tel.: +32 2 295 70 65)