Ukrgasbank and EBRD Sign Agreement at URC to Unlock €300 Million for Ukraine's Economy and Energy Security

ROME – July 11, 2025 – Continuing the strong momentum on the second day of the Ukraine Recovery Conference (URC), Ukrgasbank (UGB) and the European Bank for Reconstruction and Development (EBRD) signed another major agreement to provide significant new financing for the Ukrainian economy. The agreement is built on a risk-sharing model with a guarantee from the EBRD, backed by first-loss risk cover funded by France and the European Union. The Facility enables Ukrgasbank to channel up to €300 million in new loans to support Ukrainian businesses and households. 

The new financing is structured across three key EBRD programmes:

• Up to €160 million will be channelled under the Energy Security Support Facility (ESSF). This is the largest ESSF sub-limit delivered in Ukraine to date and will support eligible projects in energy generation, storage, and efficiency.
• An additional €80 million under the EBRD’s Resilience and Livelihoods Guarantee (RLG) will enable Ukrgasbank to finance working capital and investment needs for Ukrainian private companies operating in essential sectors of the economy.
• A further €60 million is available under the EU4Business-EBRD Credit Line to support the modernization of micro, small and medium-sized enterprises (MSMEs) to meet EU standards.

The program also offers direct financial support through investment grants to make projects more affordable and accessible. Micro, small and medium-sized enterprises (MSMEs) can receive investment grants, with enhanced support available for those most impacted by the war. These higher incentives can cover up to 30% of investment costs for businesses that have suffered asset destruction or loss, and for companies that facilitate the reintegration of veterans. In addition, residential borrowers and housing associations are eligible for grants covering up to 10% of their project investment costs.

This facility with the EBRD complements other recent efforts to bolster Ukraine's economy. At the conference on July 10, Ukrgasbank also secured a multi-part financial package with the European Investment Bank (EIB) for €120 million in targeted loans and a new EU-backed portfolio guarantee to support municipalities and SMEs.

"We are sincerely grateful to the EBRD and our international partners for their trust and support. These instruments will allow us to significantly expand access to financing for Ukrainian businesses and the public in critical sectors. These funds will not only support economic activity but will also spur the country's recovery and sustainable development during the war," said Rodion Morozov, Acting Chairman of the Board at Ukrgasbank.

"The Facility will enhance Ukrgasbank’s lending capacity to provide much-needed funding to Ukrainian companies and households that will support sub-borrowers’ survival and reconstruction as well as preserving livelihoods in the country during the ongoing war," - said Arvid Tuerkner, EBRD Managing Director, Ukraine and Moldova. 

About Ukrgasbank: JSB "UKRGASBANK" is a dynamic state-owned bank in Ukraine, with the state owning 94.94% of its shares. The bank is a leading expert in financing sustainable development and green projects, providing comprehensive banking services to private, corporate, and SME clients. Ukrgasbank is committed to supporting the strengthening of the Ukrainian economy and its sustainable, green reconstruction.

11.07.2025