Minister of Digital Transformation Mykhailo Fedorov announced the launch of the Ukraine Phoenix Tech Fund with a volume of €50 million. The fund will provide Ukrainian technology companies with capital, strategic support, and access to an international network.
EU Defense Commissioner Andrius Kubilius stated that the EU could significantly improve drone detection within a year, but creating a full-fledged network for tracking and destroying targets would take much longer. He noted that Europe needs to follow the example of the Ukrainian military, which has deployed acoustic sensors to detect unmanned aerial vehicles.
Ukrposhta risks not obtaining a banking license by the end of 2025 due to significant losses and the need for recapitalization. The company may also lose its current license for financial services.
The Ukrainian government concluded 200 agreements worth over 13 billion euros at the Recovery Conference in Rome. The funds will be directed towards strengthening air defense, restoring infrastructure, housing, medicine, and supporting IDPs.
Following the URC2025 conference, Ukraine received EUR 232. 7 million for recovery. The funds will be used for compensation for destroyed housing, restoration of cultural heritage and irrigation systems in Odesa region, as well as transport networks.
President of Ukraine Volodymyr Zelenskyy announced agreements on strengthening air defense and additional investments in weapons production following the Ukraine Recovery Conference. The event also became a platform for strengthening the Defense Forces and developing weapons production.
Agreements to support Ukrainian hydropower were signed at the Ukraine Recovery Conference 2025. The European Investment Bank will provide a 200 million euro loan, while Italian and German companies will assist with infrastructure and specialist training.
Ukrainian President Volodymyr Zelenskyy met with Polish Prime Minister Donald Tusk to discuss the situation on the battlefield and Ukraine's defense needs. The leaders also touched upon strengthening air defense and cooperation in arms production.
The European Commission announced a new financial support package for Ukraine worth €2. 3 billion, which includes grants and loan guarantees. The funds will be directed towards supporting businesses, investments, urban reconstruction, energy security, and critical infrastructure.
Poland will invest 2. 4 billion zlotys in the state defense group PGZ to increase the production of 155-mm and 120-mm artillery shells fivefold. This will reduce dependence on imports and strengthen the country's defense capabilities.
The Ukrainian government has allocated over 700 million hryvnias to 35 energy projects that are critical for getting through the winter, including reconstruction in the Kharkiv, Zaporizhzhia, and Sumy regions.
EU countries have agreed to increase the European Investment Bank's annual lending limit to €100 billion and triple financing for the defense industry. The bank also plans to invest €70 billion in technological innovation and renewable energy sources.
The Ministry of Foreign Affairs organized a visit of foreign diplomats to the site of the Russian strike on a building in Kyiv. Representatives of more than 60 missions saw the consequences of Russian terror in Ukraine.
The Energy Efficiency Fund will receive 18 million euros from the EU and Germany to expand programs in the residential sector. The funds will allow to resume accepting applications and reach more families throughout Ukraine.
Ukraine's international reserves amounted to $44. 5 billion as of June 1, 2025, decreasing by 4.6% due to NBU's foreign exchange interventions and government debt payments. Despite the decrease, the volume of reserves remains sufficient.
According to Oleksiy Kuleba, the expert evaluation reduced the project's cost from UAH 8. 7 billion to UAH 6.2 billion. The new version takes into account the needs of wartime.
The European Commission is considering changes to sustainability rules to make it easier to attract private investment in the defense industry. This should stimulate arms production in Europe.
Last winter, 148 cogeneration units and 84 boiler houses with a total capacity of 268 MW were launched in Ukraine. In 2025, it is planned to install another 420 units.
Since 2022, the enemy has hit more than 63,000 small and large energy facilities. More than half of the capacities damaged last year have been restored.
The National Bank strengthened the hryvnia by 2 kopecks, setting the rate at 41. 3879 UAH/USD. The euro exchange rate is 46.91 UAH, and the zloty is 10.92 UAH.
The government of Ukraine has signed agreements with the European Investment Bank on the allocation of 300 million euros for the restoration of energy and critical infrastructure. The "transport visa-free regime" with the EU has also been extended.
The European Investment Bank is providing Ukraine with 300 million euros to rebuild energy and critical infrastructure. The funds will go to centralized heating, water supply and modernization of social services.
Deputy Ministers of Energy discussed with the EIB the challenges of the energy sector, infrastructure reconstruction and renewable energy. They considered the gas hub project and the expansion of gas storage facilities.
Ukraine and the EIB have agreed on financing of €100 million for the restoration of critical infrastructure, including water pipes and sewage systems. The total portfolio of EIB projects in Ukraine amounts to €4.3 billion.
Austrian Foreign Minister Beate Meinl-Reisinger supported the initiative to use frozen Russian assets for Ukraine. She also stated that neutrality does not protect Austria and called for active participation in EU defense initiatives.
The European Commission and the EIB signed a guarantee agreement for 2 billion euros for the reconstruction of Ukraine. The funds will be directed to energy, transport, and municipal infrastructure.
UKASKO representatives took part in meetings with European officials and financial institutions in Brussels. The delegation discussed digital transformation and the implementation of insurtech solutions in the financial sector.
The Cabinet of Ministers allocates UAH 1. 5 billion to maintain the safe condition of the Chornobyl NPP shelter after it was damaged by a Russian drone. An additional €400 million is planned to be raised from the EIB for energy-efficient reconstruction.
The Ministry of Development has launched a compensation program for destroyed housing for IDPs with a budget of UAH 15 billion. The program will help about 10,000 families to get new homes, and 50 families have already purchased housing.
Over the three years of war, the Recovery Agency has paid UAH 54. 69 billion in debts for road repairs. The largest payments were made to repay bonds and loans from the IBRD, EBRD, and EIB.
