The European Bank for Reconstruction and Development (EBRD) deployed a record €2.9 billion in Ukraine in 2025, up from €2.4 billion in 2024, bringing total support since Russia's invasion in February 2022 to €9.1 billion.
Private sector projects accounted for 57% of investments, while energy security received over €1.2 billion, reflecting its status as a top priority, the EBRD said on February 5.
EBRD President Odile Renaud-Basso highlighted the Bank's commitment to keeping essential services running and supporting businesses amid the war. The Bank will continue providing at least €1.5 billion annually during wartime, backed by a €4 billion capital increase nearly fully subscribed.
Donor support has been essential, with €904 million mobilized in 2025 and €3.4 billion since 2022. Major contributors include the EU, Norway, the US, and Sweden.
In 2025, the EBRD deployed €1.2 billion through Ukrainian partner financial institutions, including €550 million via its Trade Facilitation Programme. Portfolio risk-sharing facilities of €504 million helped unlock up to €1.6 billion in new lending, bringing total support since 2022 to over €2.4 billion across more than 30,000 sub-loans, mainly for SMEs.
Energy projects included a €500 million loan to Naftogaz with EU and Norwegian backing, €160 million to Ukrnafta for distributed power, and support for private wind and battery storage projects. The Bank also secured €60 million to restore Chornobyl's New Safe Confinement after a Russian drone attack.
Outside energy, EBRD funding supported public transport, district heating, housing, and food security. Key projects included €100 million for urban infrastructure, a €50 million loan to postal operator Nova Post for accessibility improvements, and financing for Karpaty Mineral Water and VARUS Group.
The Bank is also advancing corporate governance, capital markets, and reconstruction readiness to strengthen Ukraine's long-term recovery.
