Oleksii Sobolev discusses with the EBRD the possibility of expanding support programs for the private sector and insurance against war risks

Expanding support programs for the private sector, scaling up the war risk insurance market, restoring the power grid, and other key areas of cooperation — these topics were discussed during a meeting between Oleksii Sobolev, Minister of Economy, Environment, and Agriculture of Ukraine, and representatives of the European Bank for Reconstruction and Development (EBRD), led by EBRD President Odile Renaud-Basso.

Deputy Ministers Vitalii Petruk and Anna Artemenko participated in the event; representing the EBRD were EBRD Vice President for Banking Matteo Patrone, EBRD Managing Director for Ukraine and Moldova Arvid Tuerkner, and others.

“The EBRD remains a key partner for Ukraine. Our cooperation today focuses on areas of critical importance to the country. These include the urgent restoration of the energy sector and infrastructure ahead of winter and the development of the affordable housing market. We are also working together to create war risk insurance instruments and expand guarantee programs that pave the way for private investment even under challenging conditions,” noted Oleksii Sobolev.

The participants discussed work within the Ukraine Investment Framework, which enables the effective mobilization of resources for recovery. In particular, last year the EBRD allocated a record EUR 2.9 billion to support projects in Ukraine, the vast majority of which are in the private sector.

The discussion also touched on the development of social housing. The EBRD has already begun work to support affordable housing in Ukraine. The eOselia program currently covers about 97% of Ukraine’s mortgage market, making it a natural institutional platform for scaling up housing finance. The Ukrainian side proposed that the EBRD join mechanisms for co-financing mortgages and the creation of the Ukrainian Housing Fund—an investment platform based in Luxembourg.