Finance Ministry and EIB discuss new two-year project portfolio worth EUR 600 million

In 2025, the European Investment Bank (EIB) signed five new financial agreements with Ukraine totaling EUR 390.5 million, including a EUR 16.5 million grant agreement.

According to Ukrinform, this was reported by the Ministry of Finance of Ukraine following a meeting between Deputy Minister Olha Zykova and representatives of the EIB.

The meeting was attended by Matteo Rivellini, Head of the Eastern Partnership Department of the Bank’s Public Sector, Kristína Mikulová, Head of the EIB Regional Hub in Eastern Europe, and the team from the EIB’s Central Office in Ukraine.

The parties discussed the implementation of the current project portfolio and a number of potential projects planned for 2026–2027. As a result of discussions involving Ukraine, the EIB, and the European Commission, a preliminary list of projects for agreement signing in 2026–2027 was approved. The total volume of these operations could reach up to EUR 600 million.

Among the agreed projects are Improvement of the Road Network under the “Solidarity Lanes” initiative, Ukraine Western Border Infrastructure (focused on cross-border checkpoints), and Ukraine Electricity Grid Resilience.

Currently, the EIB’s portfolio in Ukraine comprises 27 projects with a total value of EUR 4.7 billion.

“In 2025, nearly EUR 145 million was disbursed for joint projects. In addition, five new financing agreements totaling EUR 390.5 million were signed, including a EUR 16.5 million grant agreement. These funds will be directed toward the digital infrastructure of emergency response services, restoration of road connections with EU countries, and the reconstruction of social and critical infrastructure in Ukrainian communities,” the Ministry noted.

As previously reported, EIB projects for Ukrhydroenergo and Naftogaz of Ukraine totaling EUR 420 million became the first EIB operations for Ukrainian state-owned companies without sovereign guarantees, backed instead by EU guarantees.

Photo credit: Ministry of Finance