Ukrainian Finance Minister Serhiy Marchenko held a meeting with Mark Bowman, Vice President of the European Bank for Reconstruction and Development (EBRD) for Policy and Partnerships. During the negotiations, the focus was on expanding the partnership and identifying priority areas for cooperation between Ukraine and the EBRD.
This is reported by Finway
EBRD Priorities and Financial Support
During the meeting, the parties discussed in detail the current state of the EBRD’s investment portfolio in Ukraine and identified key financial needs for the recovery of the country’s critical infrastructure. Special attention was given to the progress in implementing essential reforms necessary for the further development of the economy and the financial stability of the state.
“The EBRD remains one of Ukraine’s key partners in ensuring financial stability and the recovery of critically important infrastructure. We highly value the Bank’s support and look forward to further expanding cooperation, particularly in financing the energy sector and state-owned enterprises,” Marchenko noted.
The total volume of EBRD investments in Ukraine throughout the cooperation period has already reached €23.3 billion. Since the beginning of the full-scale invasion by the Russian Federation, the bank has mobilized over €9 billion, significantly supporting the liquidity and resilience of enterprises that ensure the functioning of critical infrastructure.
Focus on Energy Security and Sector Reform
In 2025, the EBRD, together with international donors, provided approximately €990 million in financing for Ukraine, including loans backed by state guarantees and guarantees from the European Commission, as well as nearly €220 million in grants from the Norwegian government. Significant attention was paid to energy security issues for 2026-2027, including the procurement of natural gas and the restoration of energy infrastructure ahead of the new heating season.
Serhiy Marchenko thanked the EBRD for facilitating emergency gas purchases and emphasized the need for further financing using European Union guarantees. The importance of the expanded use of European Commission guarantees as one of the main tools for attracting funds for Ukraine was also highlighted.
During the negotiations, the financial state of JSC “Ukrzaliznytsia,” plans for restructuring the company’s debt obligations, preparations for the privatization of state banks, and the reform of the capital market infrastructure were also discussed.
In response, Mark Bowman emphasized that Ukraine remains one of the main investment priorities for the EBRD. It was previously reported that Naftogaz of Ukraine and the European Bank for Reconstruction and Development signed an agreement to provide a grant from the Norwegian government through the EBRD.
