New investment agreements between Ukraine and the EU signed in Warsaw during ReBuild Ukraine

Today in Warsaw, the EU–Ukraine Investment Conference took place as part of the international exhibition ReBuild Ukraine 2025, which brought together over five thousand participants from 33 countries – representatives of governments, international financial institutions, businesses, and the public sector. The official opening was attended by the Deputy Prime Minister for European and Euro-Atlantic Integration, Taras Kachka, and the EU Commissioner for Enlargement, Marta Kos.

During the conference, a ceremony was held to announce new investment programmes between the European Union and international financial partners under the Ukraine Investment Framework (UIF) instrument, as well as the signing of individual memoranda for projects to be financed with UIF funds.

These include new programmes totalling EUR 722 million, approved by European Union member states last month. They are aimed at developing public infrastructure in sectors such as healthcare, communal services, and housing, as well as private business, and are expected to mobilise around EUR 2 billion in new investments into the Ukrainian economy.

“Investments in Ukraine are not just about reconstruction; they are a shared investment in the security, stability, and future of all Europe. We are building a common financing ecosystem where every signed agreement is a practical step that turns political support into concrete projects, new jobs, economic modernisation, and even greater integration of Ukraine into the shared European space,” commented the Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine, Taras Kachka, who was present at the signing ceremony.

Among the signed documents was an agreement between the European Investment Bank (EIB) and Naftogaz of Ukraine, concluded under the guarantees of the Ukraine Investment Framework (UIF) instrument.

Under this agreement, Norway is providing a EUR 127 million grant through the UIF mechanism to support Ukraine’s energy security. The funding, together with previous EU support of EUR 800 million through the EIB and EBRD, is directed towards ensuring stable natural gas supplies amid attacks on energy infrastructure.

Agreements were also signed between the IFC, EBRD, and European companies Notus (Germany) and Rengy Development (Ukraine) for the implementation of renewable energy projects. Specifically, Notus is building a 120 MW wind power plant in Odesa region, while Rengy Development is implementing solar and storage projects with a total capacity of over 140 MW in southern and central regions of Ukraine.

“The European Union remains Ukraine’s key partner in reconstruction. The Ukraine Investment Framework has proven that investments in Ukraine are possible even during the war. It is an effective mechanism that has united states, international financial institutions, and businesses around specific projects. An example is Norway’s EUR 127 million contribution, which strengthens Ukraine’s energy security. This model works – it not only attracts funds but also builds trust in Ukraine as a reliable partner. It is now important to maintain and expand it: add new instruments to cover more sectors and regions. We call on partners to continue contributions and develop a joint system for financing reconstruction,” stated the Minister of Economy, Environment and Agriculture of Ukraine, Oleksii Sobolev.

According to Oleksii Sobolev, the Government of Ukraine is working on expanding tools for investors – including the launch of intergovernmental agreements, industrial support programmes for enterprises, and a large-scale system of war risk insurance.

Ukraine also continues to fulfil commitments under the Ukraine Facility programme, which enables the attraction of new tranches from the European Union and maintains the pace of reforms outlined in the Ukraine Plan.