€10 Billion for Ukraine: 160 Deals Signed at Gdańsk Recovery Conference.

Ukraine Recovery Conference Held in Gdańsk

According to UATV: Held on June 25–26 in Gdańsk, the Ukraine Recovery Conference marked a key milestone in international support for the country. During the event, 160 agreements were signed, totaling €10 billion. This initiative aims to aid Ukraine's reconstruction amid the ongoing crisis.

Financial Aid and Investments

At the conference, European Commission President Ursula von der Leyen announced the first tranche of a €90 billion loan to Ukraine, amounting to €3.2 billion.

“Today we are transferring the first tranche of this loan, specifically €3.2 billion in micro-financial assistance,” she stated.

Ukrainian First Deputy Prime Minister Yulia Svyrydenko also announced the receipt of over €3 billion as the first tranche of a new EU financial instrument. Furthermore, under an agreement with the World Bank, Ukraine will receive $3.4 billion. Plans also include investing at least $80 million in establishing a logistics center in the Kyiv region, reflecting a strategic approach to infrastructure development.

“We attended the signing of a new logistics center project in the Kyiv region. At least $80 million is planned to be invested in it,” said Oleksiy Sobolev.

Since the start of support for Ukraine in 2021, the EU has provided the country with €200 billion in economic, financial, and military aid. The conference also addressed new partnerships in the defense industry and energy sectors, as well as the launch of the European Flagship Fund for Ukraine's Recovery. Key topics included establishing a support fund for Ukraine's transport system and allocating €140 million for housing programs.

The Gdańsk conference underscored European solidarity with Ukraine and the commitment to support its recovery process. These measures, encompassing financial aid and investments, represent critical steps toward stabilizing and developing the country amid the challenges it faces. The signed agreements and EU financial backing could serve as a foundation for further reforms and infrastructure restoration, essential for Ukraine's long-term economic stability.