The EIB directs EUR100 million towards Ukraine’s energy resilience
The European Investment Bank has announced the provision of EUR100 million to strengthen energy resilience and modernize district heating systems in Ukraine. This step is aimed at supporting economic stability and ensuring reliable energy supply during the war.
The main part of the funding, EUR70 million, will be transferred to Ukrgasbank to expand access to long-term loans for micro, small and medium-sized enterprises, as well as mid-cap companies. This funding is part of a larger loan package amounting to EUR400 million under the Ukraine Economic Resilience Support Programme, aimed at strengthening the entrepreneurial sector by ensuring the continuous operation of businesses.
A further EUR30 million will be allocated for the repair and modernization of urban district heating systems through Ukrgasbank and Ukreximbank. This funding is part of a larger EIB loan program aimed at modernizing infrastructure in Ukraine to ensure reliable heating supply during the war and reduce dependency on vulnerable systems.
The EIB’s financial support was made possible through participation in the European Commission Investment Framework Programme for Ukraine. This demonstrates the European Union’s ongoing commitment to supporting Ukraine’s recovery and resilience enhancement. The overall investment program for Ukraine aims to mobilize EUR40 billion to restore the country’s critical and social infrastructure.
Additionally, the EU Fund for Ukraine, established in 2023 to support recovery and reconstruction, has received contributions from 16 EU member states, bringing its total volume to EUR410 million.
| Source of Funding | Amount | Purpose |
|---|---|---|
| Ukrgasbank | EUR70 million | Business Loans |
| Ukrgasbank and Ukreximbank | EUR30 million | Heating Modernization |
