The European Commission and the European Investment Bank (EIB) Group have taken significant steps to bolster the private sector in Ukraine, targeting more than €1 billion in lending for small and medium-sized enterprises (SMEs).

Key Agreements at Ukraine Recovery Conference

During the Ukraine Recovery Conference in Berlin, the Commission and EIB Group signed agreements for two guarantee facilities totaling €190 million. These facilities are designed to improve access to finance for Ukrainian SMEs by sharing risks with local banks and financial intermediaries.

Unlocking Financial Support

These initiatives are expected to unlock over €1 billion in lending, enabling Ukrainian businesses to secure credit on favorable terms and enhance their resilience. This financial package is crucial for helping SMEs cope with the impacts of Russia's invasion and pivot towards the EU economy.

Supporting Diverse Business Needs

The financial support will benefit start-ups, women-led businesses, youth entrepreneurs, and regions, as well as companies owned by or employing internally displaced people (IDPs) and veterans. This comprehensive approach ensures a broad impact across various segments of the Ukrainian business community.

Building on Success

Building on the success of the EU4Business Guarantee Facility announced at the Ukraine Recovery Conference in 2023, the EIB Group continues its close collaboration with the Commission and financial institutions from EU Member States. This coordinated European support is vital for sustaining and growing the Ukrainian economy, with risk-sharing instruments playing a crucial role in maintaining the continuity and survival of private-sector businesses across the country.

This strategic financial package underscores the commitment of the European Commission and EIB Group to support Ukraine’s economic recovery and integration into the EU economy.