Minister of Finance and EBRD Vice President discuss progress on joint projects, including support for energy resilience

Today, Minister of Finance of Ukraine Sergii Marchenko met with Vice President of the European Bank for Reconstruction and Development (EBRD) Mark Bowman, and Managing Director for Ukraine and Moldova Arvid Tuerkner.

Deputy Minister of Finance of Ukraine Olga Zykova also took part in the meeting.

The parties discussed the implementation status of ongoing projects and prospects for further cooperation.

Sergii Marchenko expressed his gratitude to the EBRD for its financial support in critically important sectors amid the war. Since the beginning of russia’s full-scale invasion and until the end of 2024, the EBRD has committed over EUR 7 billion to key projects in Ukraine.

“The EBRD is actively financing initiatives aimed at strengthening energy security, supporting the liquidity and resilience of the public sector and state-owned enterprises, as well as assisting in infrastructure recovery, providing support for micro, small and medium-sized enterprises, and making capital investments in the private sector. The Bank’s energy sector projects are particularly vital, as russia has inflicted significant damage to Ukraine’s energy system,” said Sergii Marchenko.

In April 2025, Ukraine and the EBRD signed a Guarantee Agreement to provide EUR 270 million to NJSC “Naftogaz of Ukraine” to support its operational resilience and liquidity. The agreement helps mobilize the necessary resources to ensure uninterrupted heating supply during the 2025–2026 winter season.

Between 2022 and 2025, the EBRD already provided EUR 994 million for the emergency procurement of gas to ensure stable heating seasons from 2022 to 2026.

As of today, the EBRD remains the largest institutional investor in Ukraine and plays a significant role in the country’s reconstruction and recovery. Through close cooperation with the Government of Ukraine, the Bank has contributed to the stable functioning and restoration of key critical infrastructure entities.

Currently, the EBRD’s active public sector portfolio in Ukraine consists of 14 projects with a total volume of EUR 2.7 billion. In the energy sector, the EBRD finances 9 projects. In the transport sector – 5 projects.

During the meeting, the parties coordinated on the continued implementation of existing projects in the public sector.

EBRD Vice President Mark Bowman reaffirmed the Bank’s commitment to supporting both the public and private sectors in Ukraine.