The European Bank for Reconstruction and Development expected to provide €2.7 billion of financing to Ukraine in 2026. President Odile Renaud-Basso said more than 80% of the year's financing would go to private-sector clients. The expected total was close to the record €2.9 billion deployed in 2025.
The EBRD said its president visited Ukraine as intensified Russian attacks strained energy, transport and logistics infrastructure. It said the bank had deployed €11 billion in Ukraine since Russia's full-scale invasion began in 2022. The institution described continued business financing and delivery of energy and infrastructure projects as priorities.
ENERGY AND TRANSPORT TOOK PRIORITY
Reuters reported that the EBRD was financing protection for key Ukrenergo equipment and supporting a 1.4-gigawatt renewable-energy programme. Renaud-Basso said demand for investment and working capital from private-sector clients remained strong despite the attacks.
During the visit, the EBRD signed an agreement enabling up to €130 million of emergency liquidity for Ukrainian Railways. It also signed a €150 million loan to Kyiv for new energy-efficient metro cars, maintenance equipment and accessibility improvements.
PRIVATE FINANCING REMAINED CENTRAL
The financing mix linked immediate wartime resilience with continued private-sector activity. EBRD statements and independent reporting indicated that the bank was supporting essential services while trying to preserve investment, supply chains and business operations.
The next milestone will be the bank's year-end investment total and execution of the signed railway and metro facilities. Interfax-Ukraine separately reported that Renaud-Basso expected 2027 investment capacity to be of a similar order, although she said the outcome would depend on demand from private-sector clients.