An important announcement of support for Ukraine by EU Commission President @ursulavonderleyen at the Ukraine Recovery Conference in Rome, Italy, on July 10. 🇺🇦👏🇪🇺💙💛🇮🇹🙏🇺🇦
#Repost @kyivindependent_official with @use.repost_ . . . The EU has signed agreements with financial institutions to mobilize up to 10 billion euros (around $12 billion) in investments to help Ukraine rebuild amid the Russian invasion, European Commission President Ursula von der Leyen announced at the Ukraine Recovery Conference on July 10.
“With 2.3 billion euros in agreements signed, we aim to unlock up to 10 billion euros in investments to rebuild homes, reopen hospitals, revive businesses, and secure energy,” von der Leyen said at the fourth international conference focused on mobilizing support for Ukraine’s reconstruction.
The agreements include 1.8 billion euros ($2.1 billion) in loan guarantees and 580 million euros ($680 million) in grants.
Von der Leyen also unveiled the new European Flagship Fund for the Reconstruction of Ukraine, describing it as "the largest equity fund globally to support (Ukraine's) reconstruction."
The fund aims to mobilize 500 million euros (over $580 million) by 2026 in private sector investment across energy, transport, critical raw materials, and dual-use industries.
"We are literally taking a stake in Ukraine's future by leveraging public money to bring large-scale private sector investments and help the rebuilding of the country," von der Leyen explained.
The initiative involves Italy, Germany, France, Poland, and the European Investment Bank as founding partners.
Von der Leyen emphasized that the EU will "ensure that Ukraine is supported until 2028 and beyond when the new European budget kicks in."
Photo: Michael Kappeler/picture alliance via Getty Images
16h