During the Ukraine Recovery Conference 2026, the European Flagship Fund for the Reconstruction of Ukraine was officially launched. The fund is capable of mobilizing up to €7 billion in investments into the Ukrainian economy.
This was reported by Ukraine’s Ministry of Economy, Environment and Agriculture.
Head of the ministry Oleksii Sobolev emphasized that the launch of the fund shows Ukraine is already attracting investment for recovery, without waiting for the end of the war.
“The launch of the European Flagship Fund demonstrates something extremely important: Ukraine is not waiting for the end of the war to attract investment. Reconstruction is already underway, businesses are already investing, and international partners are helping to build the financial architecture needed to scale private capital. I thank the European Commission, the governments of Germany, France, Italy, and Poland, our development finance partners, as well as the Amber–Dragon consortium for their leadership and commitment, which made this initiative possible,” said Ukraine’s Minister of Economy, Environment and Agriculture, Oleksii Sobolev.
The European Commission has already signed contribution agreements with three financing partners under the EU’s implementation framework, totaling €160 million within the Ukraine Facility’s Investment Framework.
The Ministry noted that each anchor government is expected to contribute €15 million. This marks the official launch of the fund with €220 million in first-loss capital, intended to catalyze significant private investment into capital-intensive reconstruction projects.
In addition, €45 million will be invested by the fund manager — a consortium of Amber Infrastructure Group and Dragon Capital. As a result, at the launch stage the flagship fund will have €265 million available for investment.
The fund aims to attract private capital to reach a first close of €500 million in the coming months, and later €1 billion. It is designed as an investment platform capable of mobilizing up to €7 billion in total investment into the Ukrainian economy.
