11/02/2025
State-owned Ukreximbank has signed a Statement of Intent with the European Investment Bank (EIB) to enter into a EUR 100 million finance contract under the "Ukraine District Heating" Project. The Project goals are financing of district heating and energy efficiency projects carried out by Ukrainian municipalities and public utility companiesaimed at improving energy efficiency and strengthening energy independence.
Key objectives of the "Ukraine District Heating" Project:
"Ukreximbank, together with the European Investment Bank, will provide financing to municipalities and public utilities for district heating projects, aiming to enhance energy efficiency and independence — an essential factor for our country's financial stability. War teaches us to value freedom, and for many communities and businesses, being free now means being energy independent.We deeply appreciate our cooperation with the EIB and their understanding of Ukraine's needs in these challenging times. Despite the war, the Bank continues to support Ukrainian municipalities and public enterprises by offering tailored financial products and sustainable solutions to increase the resilience of Ukraine’s energy supply," said Viktor Ponomarenko, Chairman of Ukreximbank's Management Board.
EIB in Ukraine
The European Investment Bank (EIB) is the lending institution of the European Union, owned by its Member States. The EIB Group has been supporting Ukraine's resilience, rebuilding efforts, and economy since the very first day of russia's full-scale invasion.
In 2024, the Bank supported projects aimed at securing Ukraine's energy supply, repairing damaged critical infrastructure, and ensuring the uninterrupted delivery of essential services across the country. This brings total EIB aid disbursed since the start of the war to over EUR 2.2 billion. In 2024, the EIB signed over EUR 250 million in new investment for projects to further enhance social infrastructure and support businesses that are the backbone of Ukraine's economy.
