Over 10 billion euros were raised for Ukraine at the conference in Gdansk

The Conference on the Recovery of Ukraine URC 2026 (Gdansk, June 25-26) resulted in the signing of 160 agreements totaling over 10 billion euros. This was announced by Ukrainian Prime Minister Yulia Svyrydenko, who led the delegation. What was the money raised for? Among the key outcomes of the marathon meetings, Yulia Svyrydenko named: the transfer of the "first tranche of the new EU financial instrument" to Ukraine (3.2 billion euros); an agreement with the World Bank (3.4 billion dollars); the launch of the European flagship fund for the reconstruction of Ukraine; the creation of the Ukraine Transport Support Fund; the allocation of 140 million euros by partners for housing programs; an agreement with the European Investment Bank on the restoration and protection of roads in frontline regions; new partnerships in the defense industry and energy sectors. Regarding the latter point, as reported by Energy Minister Denys Shmyhal, three dozen agreements between Ukrainian state-owned and private energy companies and their partners were prepared for the conference. The total amount of agreements is over 1 billion euros. Among them: 210 million pounds sterling with the British Urenco for the supply of fuel for Ukrainian nuclear power plants; 300 million dollars with the American Exim Bank for "Naftogaz"; 90 million euros with the European Bank for Reconstruction and Development for "Ukrenergo." Earlier, experts from the Center for Strategic and International Studies (CSIS, USA) calculated that at previous similar conferences to support Ukraine, held annually since 2022, approximately 200 billion dollars in promised support in the form of grants, loans, guarantees, and various programs had been announced collectively. Thus, this amount can now be increased by at least another 10 billion euros (11.3 billion dollars). How much does Ukraine need? According to the "Rapid Damage and Needs Assessment" (RDNA5) study published in February, Ukraine needs about 588 billion dollars for these purposes over ten years, which is approximately three times the country's GDP for 2025. The amount is increasing: the first report in the fall of 2022 mentioned 349 billion, last year's - 524 billion, and the current one - 588 billion. The largest needs are in transport (over 96 billion dollars) and energy (almost 91 billion dollars) - the needs in both sectors have sharply increased after the attacks on ports, railways, and energy system facilities in the winter of 2025-2026. The authors of the report are the Government of Ukraine, the World Bank Group, the European Commission, and the UN. Why did Zelensky not attend the conference? The President of Ukraine was initially supposed to lead a large delegation, but plans changed at the last moment. The reason was a diplomatic crisis in Polish-Ukrainian relations. Kyiv's decision to name one of its military units after the Ukrainian Insurgent Army (UPA), responsible for, among other things, mass violence against Poles, caused dissatisfaction from the Polish President Karol Nawrocki. On June 19, he deprived Volodymyr Zelensky of the Order of the White Eagle - Poland's most important state award. In response, three former presidents of Ukraine - Leonid Kuchma, Viktor Yushchenko, and Petro Poroshenko - voluntarily renounced their orders.

The Conference on the Recovery of Ukraine (URC 2026) in Gdansk concluded with 160 agreements totaling over 10 billion euros, including significant financial tranches from the EU and the World Bank, alongside new partnerships in defense and energy. While these funds bolster Ukraine’s recovery efforts, the estimated ten-year reconstruction cost has risen to approximately 588 billion dollars, with transport and energy sectors facing the highest needs. President Zelensky’s absence from the conference was linked to a diplomatic crisis with Poland.

  • 160 agreements signed at URC 2026 in Gdansk, totaling over 10 billion euros.
  • Key outcomes include EU financial instrument tranche (3.2 billion euros), World Bank agreement (3.4 billion dollars), and new partnerships in defense and energy.
  • Energy sector agreements alone amount to over 1 billion euros, including fuel supply for nuclear power plants.
  • Ukraine’s ten-year reconstruction needs are estimated at 588 billion dollars, with transport and energy requiring the most funding.
  • President Zelensky did not attend the conference due to a diplomatic dispute with Poland over historical issues.
  • Previous support conferences had pledged approximately 200 billion dollars, now potentially increased by over 10 billion euros.
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