Current news on Rebuild Ukraine topic

Expanded Mechanisms for Compensation of Damages Caused by Russian Aggression

The process of documenting damage caused by the armed aggression of the Russian Federation against Ukraine requires continuous improvement and adaptation to new challenges.

To this end, the Cabinet of Ministers of Ukraine adopted Resolution No. 670 dated 27 May 2026, which significantly expands the list of damages and losses subject to registration for subsequent compensation through reparations.

For the State of Ukraine, new categories of claims have been introduced, including environmental damage, unlawful appropriation of natural resources, as well as state budget expenditures related to demining of territories and provision of humanitarian assistance to the population.

Legal entities are now entitled to claim compensation for expenses related to the relocation (evacuation) of business operations, as well as the provision of humanitarian assistance to employees. For individuals, the list of compensable damage categories has been expanded to include, inter alia, other violations of international law, loss of access to medical and educational services, and economic losses resulting from the death or disappearance of close family members.

The expansion of the categories of damages and losses will contribute to the formation of a comprehensive evidentiary base and a consolidated claim by Ukraine against the aggressor state, based on reliable data and modern digital mechanisms for documenting harm.

EBRD and EU Expand Business Support Program in Ukraine by €2 Billion

The European Bank for Reconstruction and Development (EBRD), with the support of the European Union, is expanding its financing program for small and medium-sized enterprises in Ukraine. The new package will mobilize approximately €2 billion in additional funding through the EBRD’s partner banking network.

The additional resources are provided under the Ukraine Investment Framework and include €200 million in guarantees, €105 million in grants, and €10 million in technical assistance. The initiative aims to strengthen Ukrainian businesses’ access to investment capital in the context of ongoing war conditions and economic recovery.

The program is expected to enable at least 3,000 enterprises to access financing and support the preservation of approximately 180,000 jobs. Ukrainian companies will be eligible for investment incentives in the form of EU grants covering between 10% and 30% of the cost of critical capital investments, primarily in projects related to high-efficiency and green technologies.

It is further envisaged that at least 50% of the grant support will be allocated to enterprises with damaged or destroyed assets as a result of the war, as well as to businesses operating in frontline regions.

In addition, the EBRD and the European Union are launching a separate program titled “Rebuilding Ukrainian Small and Medium-Sized Enterprises”, with a total envelope of approximately €135 million in financing and advisory support. The EU contribution to this initiative amounts to €46 million. The program is expected to support at least 15 investment projects by Ukrainian companies.

Ukraine Launches Subsidised Lending Programme for Distributed Generation Projects for Businesses.

In June, Ukraine launched a state support programme for distributed generation projects aimed at strengthening the energy resilience of businesses amid risks to the power system. The initiative provides preferential loans with partial interest rate compensation funded by the state, reducing the effective cost of borrowing to approximately 10% per annum.

The programme is designed for medium and large businesses and covers financing for the construction of gas piston and gas turbine units, cogeneration facilities, biomass and biogas generation plants, as well as energy storage systems and other infrastructure aimed at increasing the energy independence of enterprises and communities.

Loans are available in amounts ranging from €1 million to €25 million in the hryvnia equivalent. The repayment term is up to five years, with the possibility of deferring principal repayment for up to 12 months during the construction and commissioning phase of the project.

Priority in project selection is given to initiatives implemented in energy-deficient regions, particularly in frontline areas. In addition, businesses also have access to additional support instruments, including subsidised loans of up to ₴10 million at 0% interest for the purchase of generators and gas-fired units, as well as financing of up to ₴250 million under the state programme “Affordable Loans 5–7–9%” for the implementation of energy projects.

Ukraine to Receive €71 Million in French Grant Assistance for Infrastructure Recovery

The Verkhovna Rada of Ukraine has ratified a grant agreement between the Governments of Ukraine and France aimed at supporting post-war recovery, strengthening critical infrastructure resilience, and promoting economic development. The agreement establishes the legal framework for attracting €71 million in grant financing from the French side.

The funds are expected to be allocated to key sectors of the economy, including healthcare, energy, agriculture, water supply and wastewater management, irrigation systems, waste processing, demining activities, housing construction, and digital transformation.

The implementation of the new agreement continues the cooperation between Ukraine and France. In 2024, €200 million in grants were mobilised to finance 19 projects. The current agreement does not create any debt obligations for Ukraine and provides for the targeted use of funds for specific infrastructure and technology projects.

The financing envisages the procurement of predominantly French goods and services within the framework of project implementation by French suppliers, while allowing the involvement of Ukrainian goods and services as well as products from third countries. Such procurement may not exceed 50% of the total grant funding.

In addition, it is reported that, according to the Prime Minister of Ukraine, ₴22.1 billion has already been allocated to measures to protect critical infrastructure, of which ₴8.9 billion has been spent. The government is also preparing additional funding of ₴2 billion to strengthen protection of Kyiv’s energy facilities ahead of the heating season, while approximately ₴1 billion has already been allocated for priority measures to prepare the capital for winter.

Kyiv and Tokyo Plan Venture Fund and Investment Hub to Support Business

Ukraine and Japan are deepening their cooperation in the areas of economic transformation, “smart” demining, and investment attraction. During bilateral negotiations, the parties placed particular emphasis on integrating Japanese technological solutions into Ukrainian production, primarily in the field of humanitarian demining, with subsequent scaling to industrial and agricultural sectors.

As part of this cooperation, new institutional and financial instruments are planned to support businesses, including the establishment of a venture capital fund to finance joint Ukrainian–Japanese enterprises. In addition, a blended financing mechanism through a National Development Institution is being developed, aimed at ensuring Ukrainian companies’ access to advanced Japanese equipment and technologies.

Furthermore, with the support of Japan, Ukraine plans to launch trilateral cooperation formats with Colombia and Syria to exchange experience in humanitarian demining. This approach is seen as a tool to expand the international presence of Ukrainian manufacturers of specialised equipment and demining operators.

Another key area of cooperation includes the restoration of damaged soils, support for farming enterprises, development of environmentally friendly technologies, and recycling of construction waste generated as a result of destruction.

It is also reported that the Cabinet of Ministers of Ukraine is working on the creation of an investment hub in Osaka, which is expected to serve as a platform for promoting Ukraine’s investment opportunities among Japanese businesses and institutional investors.