The funding will support projects aimed at restoring water supply, providing safe housing, and strengthening energy resilience, according to the EIB’s official website.
These grants reinforce previously announced EIB programmes focused on modernising water systems, constructing social housing, and complementing the Bank’s loan support for Naftogaz of Ukraine. The financing is backed by EU budget guarantees under the Ukraine Investment Framework (UIF), a component of the €50 billion Ukraine Facility.
Key funding allocations include:
- €75 million to support projects of the Ministry for Communities, Territories and Infrastructure Development implemented with EIB participation.
- €25 million to augment the EIB loan dedicated to restoring water infrastructure.
- €50 million for social housing projects aimed at establishing a state fund of affordable rental apartments, particularly in communities hosting internally displaced persons.
Separately, a €127 million EU grant for Naftogaz of Ukraine complements the €300 million EIB loan signed in October. These funds will help secure strategic gas reserves for an extended period and strengthen the country’s energy resilience. In parallel, Naftogaz has committed to reinvesting an equivalent amount into renewable energy development and decarbonisation.
Comments and reactions
EIB Vice-President Teresa Czerwińska emphasised that the funding addresses Ukraine’s most urgent needs:
“Today’s support helps Ukraine get through the winter, stabilise water supply, and provide housing for displaced people. These are essential services for citizens and a foundation for resilient infrastructure in the future.”
European Commissioner for Neighbourhood and Enlargement Oliver Várhelyi highlighted that the EU’s priority is to ensure access to basic services that Russia is deliberately targeting.
First Deputy Minister for Communities, Territories and Infrastructure Development of Ukraine Olena Shkrum noted that restoring housing and water infrastructure brings not only comfort but also “trust and hope” back to Ukrainian communities.
Future financing
The EIB also reported progress on establishing the European Flagship Fund for the Recovery of Ukraine. Its launch, planned for 2026, is expected to become a key mechanism for mobilising investment in the country’s economic development and reconstruction.
