Financing for Ukraine

UkraineConnect

With UkraineConnect, DEG offers a new financing programme that supports SMEs from Germany and Europe in entering the Ukrainian market and expanding their activities on the ground. Financed by the German Federal Ministry for Economic Affairs and Energy (BMWE), the programme provides loans ranging from EUR 250,000 to EUR 5 million for German and European investments in Ukraine. Disbursements are typically made to the parent company in euros, with terms of three to seven years. Combined with DEG’s advisory support and long-standing experience in complex markets, UkraineConnect enables companies to strategically tap into a future-oriented market with significant growth potential.

European Bank for Reconstruction and Development (EBRD)

Typical investment volumes range from €10 million to €250 million in the form of loans or equity, with an average investment size of around €25 million. Loans are structured with a high degree of flexibility, tailored to the needs of the client and the specific project. In addition, the EBRD can take equity stakes between €10 million and €200 million, offering growth capital as well as IPO and pre-IPO financing. The Bank also co-invests alongside private equity and strategic investors, particularly in change-of-control situations. With this range of instruments, the EBRD supports sustainable growth and long-term business development.

The flag of the European Union with twelve yellow stars on a blue background is visible.

Ukraine Investment Framework (UIF)

As part of the UIF, the European Commission regularly launches Calls for Expressions of Interest. These calls are open to companies that meet the eligibility criteria and wish to contribute to Ukraine’s reconstruction and economic development through their investment projects.

New calls will be published on UIF website as soon as they are announced. Companies can apply directly via the respective call documents and submission platforms.

International Finance Corporation (IFC) - ERA-Programme

Total support amounts to $2 billion, consisting of $1.2 billion in IFC’s own investments and an additional $718 million in mobilized capital.

IFC focuses on capital expenditure in high-risk sectors such as shipping, energy, and construction materials, with activities guided by three main priorities:

Critical Sectors & Supplies – IFC supports agribusiness and food processing, financial services including SME financing and digital solutions, and facilitates critical imports and exports through the Global Trade Finance Program.
Vital Infrastructure – Investments strengthen transport and logistics, including passenger transport and ports, the energy sector (wind power, battery storage), telecom and IT infrastructure, and healthcare.
Displaced & Municipalities – IFC provides urgent repairs to homes, housing solutions for internally displaced persons (IDPs), and improved access to finance and services for the forcibly displaced.

To maximize impact, IFC deploys a combination of investment, advisory, upstream engagement, and analytical work.