EU Approves New Fund to Drive Investment in Ukraine’s Reconstruction

UIF Steering Board Meets in Brussels

According to Мін. Економіки: Held ahead of the URC 2026 Ukraine Recovery Conference in Gdańsk, the seventh meeting of the Ukraine Investment Framework (UIF) Steering Board took place in Brussels. Discussions focused on the framework’s implementation, its current status, and how it can boost lending to small and medium-sized enterprises (SMEs) through Ukraine’s banking sector. Collaboration between the European Commission and export credit agencies was also on the agenda.

UIF Impact and Strategic Directions

Deputy Minister Yehor Perelyhin highlighted the UIF’s effectiveness and introduced a roadmap for critical raw materials (CRM), alongside a series of strategic flagship projects for Ukraine. The Steering Board approved an application for the European Flagship Fund program, an initiative launched by European Commission President Ursula von der Leyen at last year’s Ukraine Recovery Conference. These steps aim to support Ukraine’s recovery and attract investment into key projects.

The UIF Steering Board’s discussions underscore Ukraine’s active efforts to attract international investment and foster SME growth, both vital for the country’s economic development. Cooperation with the European Commission and backing for flagship initiatives could prove crucial in rebuilding Ukraine’s economy in the wake of the crisis. This also reflects strong international support for Ukraine’s pursuit of stability and growth amid ongoing challenges.