Ukraine secured €3.55bn worth of investment at Ukraine Recovery Conference

Ukraine has signed agreements, memoranda and joint statements worth €3.55 billion following the latest Ukraine Recovery Conference (URC2025) in Rome.

Source: press service of Ukraine's Ministry for Development of Communities and Territories, citing Oleksii Kuleba, Deputy Prime Minister for Recovery and Minister for Development of Communities and Territories

Quote from Kuleba: "We have received a clear message from Ukraine's friends and partners: they are ready to invest in our recovery. This is evidenced by the initiative to set up the Recovery Coalition and the European Flagship Fund for the Reconstruction of Ukraine, and by the signing of a number of specific agreements, memoranda and joint statements totalling more than €3.5 billion."

Details: The Ministry for Development of Communities and Territories:

• signed five agreements worth over €370 million;
• signed six memoranda totalling around €379.3 million;
• issued four joint statements, one grant funding announcement and received one funding approval, together amounting to €232.7 million.

Additionally, the Ministry signed a memorandum of understanding with Italy's Ministry of Foreign Affairs and International Cooperation for up to 100% insurance coverage for banks on export loans of up to €1.5 billion.

"This opens up opportunities for mixed project financing for communities – a combination of soft loans and grants – and for the procurement of Italian goods and services for reconstruction," the Ministry said.

Within the framework of URC2025, 10 agreements were also signed between the EU and development banks to finance recovery, municipal infrastructure, energy, heat supply, transport and business support to the tune of €929.3 million.

The Ministry has also applied for €140 million from the Council of Europe Development Bank: €80 million to compensate displaced persons who have lost their homes in temporarily occupied territories, and €60 million for preferential mortgage loans under a programme providing housing for veterans. 

Ukrainian hromadas (communities) and regional administrations signed partnership agreements worth nearly US$200 million with European companies, regions and organisations.

Background: On 12 July, it was reported that Ukraine and the European Investment Bank (EIB) had signed a €134 million financing agreement to rebuild transport infrastructure.

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