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Photo: https://t.me/Koretskyi_official/
Prime Minister of Ukraine Serhiy Kurchak held discussions with the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, and the bank’s management regarding financial support projects for Ukraine, particularly in the areas of infrastructure restoration, energy, and transportation.
“We thoroughly reviewed existing financial support initiatives. This primarily pertains to energy, transport, and the recovery of critical infrastructure – concrete projects with tangible outcomes for the country within this year. There are also systemic long-term projects. We will collaborate closely,” Kurchak stated on Facebook on Saturday.
According to him, the conversation also encompassed the implementation of best corporate governance standards in the public sector and the support of government initiatives concerning the privatization of state-owned banks and enterprises.
“I am grateful to the EBRD for their unwavering support of Ukraine. Since the beginning of this year alone, the volume of EBRD investments in Ukrainian projects has surpassed EUR1.4 billion,” Kurchak added.
As previously reported, at the end of June, Ukraine and the EBRD signed an agreement for EUR90 million, aimed at enhancing the protection of Ukraine’s energy system, restoring network infrastructure, and building reserves of critical equipment. Within the framework of the loan agreement, financing is also allocated for the reconstruction of three major 330 kV substations, as well as the construction of a new substation in western Ukraine.
The EBRD is one of the key donors for projects protecting electricity transmission system facilities. Since the beginning of the full-scale invasion by the Russian Federation, partners have already directed over EUR582 million towards these objectives and the formation of reserves for NPC “Ukrenergo.”
At the Ukraine Recovery Conference (URC 2026) in Gdansk, Poland, agreements were signed involving over EUR500 million in new investments and support for Ukraine from the EBRD.
Furthermore, on the sidelines of the conference, the Deputy Director of the EBRD in Ukraine, Mark Magaletskyi, who oversees the infrastructure sector, noted that the business model of “Ukrzaliznytsia,” which relied on cross-subsidization of passenger transport by freight transport without state funding, has reached its limit during the war and the decline in freight volumes and requires modification. He also highlighted the necessity of making decisions regarding the adjustment of freight transport tariffs, which have remained unchanged since 2022. Magaletskyi pointed out that restructuring this model is a prerequisite for the company to continue receiving assistance from the EBRD, which has already provided Ukrzaliznytsia with over EUR700 million since the start of the Russian aggression, including EUR54 million in grants.