A Ukrainian delegation took part in a meeting of the Administrative Council of the Council of Europe Development Bank (CEB) in Paris on 18–19 June, where new financing decisions for Ukraine were approved, totaling €140 million. Ukraine was represented at the meeting by Deputy Minister of Finance Olha Zykova.
During the session, the CEB approved two new loan programmes aimed at supporting housing needs in Ukraine. One loan of €60 million is intended to provide affordable housing for war veterans. A further €80 million loan will support housing assistance for internally displaced persons from occupied territories.
Zykova thanked the bank’s leadership for continued support and said the programmes reflect strong cooperation between Ukraine and the CEB. She noted that housing for veterans and displaced persons remains a key state priority and said the new financing would help thousands of families access housing and support social reintegration.
Since Ukraine joined the CEB in 2023, the bank has approved more than €810 million in financing for Ukraine across housing, healthcare, and other social sectors, according to Ukrainian officials.
The €60 million “Housing for War Veterans” programme is designed to support combatants and people with war-related disabilities who need improved living conditions. It will provide long-term subsidised loans for the purchase of housing.
The programme is expected to support nearly 1,600 families. Participants will be able to receive loans for up to 20 years, with a 6% down payment, a preferential interest rate of 3% for the first ten years, and 7% thereafter.
The €80 million programme for internally displaced persons will support Ukraine’s state compensation scheme for citizens forced to leave their homes in temporarily occupied territories and unable to complete standard property verification procedures.
Support will be provided through housing certificates worth 2 million hryvnias, processed via the Diia digital platform and the national register of damaged and destroyed property.
According to Ukrainian officials, the programme is expected to assist around 2,000 families. As of April 2026, nearly 36,000 applications had been submitted, with more than 26,000 approved by local authorities.
Officials said the programme prioritises vulnerable groups, including veterans and people with war-related disabilities.
Since the start of Russia’s full-scale invasion, more than 2.8 million Ukrainians have been displaced from occupied territories, and around 14% of Ukraine’s housing stock has been damaged or destroyed.
The CEB’s current portfolio in Ukraine includes four projects worth €550 million, with about 90% of funds already disbursed. Recently, the bank’s Board of Directors also approved additional financing, including €100 million for the HOME compensation programme for destroyed housing and €20 million to support small and medium-sized enterprises.
