Prime Minister Yulia Svyrydenko discussed Ukraine’s financial needs for the next budget period with the president of the World Bank Group, Ajay Banga, the World Bank’s Managing Director of Operations, Anna Bjerde, the President of the European Investment Bank, Nadia Calvino and the President of the EBRD, Odile Renaud-Basso.
She stated this in a Telegram post, Ukrinform reports.
“In Washington we pay close attention to ensuring Ukraine’s financial stability. We are discussing the continuation of cooperation with key international financial institutions. We had a meeting with the World Bank Group President, Ajay Banga, the World Bank’s Managing Director of Operations, Anna Bjerde, the European Investment Bank President, Nadia Calvino and the President of the EBRD, Odile Renaud-Basso,” she wrote.
Svyrydenko noted that involving parties had discussed the current set of projects aimed at Ukraine’s recovery and financial needs for the next budget period.
Among other things, they had a discussion about creating a reparation loan mechanism, funded by frozen Russian assets for an all-round support of Ukraine as well as the state of our energy sector after Russian attacks.
According to the Ministry of Finance, as of October 2025, the total amount of financing provided by the EBRD since the beginning of cooperation has reached EUR 22.6 billion across 658 projects. Since the start of Russia’s full-scale invasion, the Bank has gathered more than EUR 8 billion to fund critically important projects.
As of now, the EBRD portfolio in Ukraine’s public sector consists of 15 projects adding up to EUR 3 billion. In the energy sector, there are nine projects with a total cost of nearly EUR 1.7 billion which are being implemented, while the transport sector includes six projects worth EUR 1.3 billion. The Ukrainian side has already attracted almost EUR 1.7 billion, or 56.5% of the total loan amount under these projects.
During 2022-2025 the ERBD has granted almost $1 billion for the emergency purchase of natural gas to ensure uninterrupted heating seasons between 2022 and 2026. Since February 2022, the Bank has allocated about EUR 600 million to support the liquidity and stable operation of the state energy company Ukrenergo, strengthening the country’s electricity transmission system.
At the meeting, Finance Minister Sergii Marchenko and Renaud-Basso discussed the prospects for continuing the attraction of loans without state guarantees, supported by the European Union’s guarantee mechanisms. This will help expand the partnership and implement an even greater number of reconstruction and recovery projects across the country.
As was reported by Ukrinform, Ukrainian President Volodymyr Zelensky said that the Russians used over 300 drones and 37 missiles overnight, most of which were ballistic, and spoke about the enemy’s double terror tactic – repeated strikes and use of cluster munitions.
Photos: Yulia Svyrydenko / Telegram