European Commission President Ursula von der Leyen announced the launch of a new EU financial guarantee program worth over €3 billion during the plenary session of the Ukraine Recovery Conference (URC2025) in Rome on July 10.
According to von der Leyen, the mechanism—comprising guarantees and grants—is designed to catalyze large-scale investments into Ukraine’s recovery. A new agreement signed the same day paves the way for substantial capital inflows to support the country’s reconstruction efforts.
She also introduced the launch of the first Global Support, Reconstruction, and Renewal Fund for Ukraine, which will work closely with both the private sector and public institutions. The goal is to foster favorable conditions for investment in key economic sectors.
Since the beginning of Russia’s full-scale invasion, the EU has provided nearly €160 billion in support to Ukraine. This includes a €50 billion package of grants and loans set to run through 2027.
In parallel, G7 countries have established a $50 billion financing instrument backed by revenues from frozen Russian central bank assets. The EU's contribution to this facility amounts to €18.1 billion, and Ukraine has already received six tranches from the European Commission under this mechanism.
Bloomberg previously reported, citing sources, that the EU is also considering the creation of a €100 billion long-term fund as part of its next seven-year budget. If approved by member states, financing could begin in 2028, providing Ukraine with a stable source of support.
The new funding framework would offer both grants and concessional loans, with assistance tied to the implementation of reforms necessary for Ukraine’s EU integration. This initiative gains additional significance amid waning U.S. support, with the administration of Donald Trump previously questioning further aid and temporarily halting weapons shipments—a decision that was later reversed.
