- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,186.40-0.10%
- INTEREST37.00%-1.00
- BITCOIN81,358-0.48%
- October 13, 202617°
- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,186.40-0.10%
- INTEREST37.00%-1.00
- BITCOIN81,358-0.48%
- October 13, 202617°
€10 billion deal signed in Gdańsk for Ukraine's reconstruction
The Ukraine Recovery Conference held in Gdańsk, Poland, concluded with the signing of 160 agreements worth over €10 billion.
The two-day Ukraine Recovery Conference (URC 2026), focused on Ukraine's reconstruction, concluded in Gdańsk, Poland. Ukrainian Prime Minister Yulia Sviridenko announced that 160 agreements worth over €10 billion were signed during the conference.
In a statement on her Telegram account, Sviridenko noted that among the most significant outcomes of the conference were the first tranche of €3.2 billion to be transferred to Ukraine from the European Union's new financial instrument and a $3.4 billion agreement signed with the World Bank.
New funds and energy agreements
The conference also launched the European Ukraine Reconstruction Flagship Fund and established the Ukraine Transport Support Fund. Partners allocated €140 million for housing programs.
Ukrainian Energy Minister Denis Shmigal reported that ahead of the conference, around 30 agreements worth over €1 billion were prepared between Ukrainian public and private energy companies and foreign partners.
Reconstruction cost $588 billion
Experts from the Center for Strategic and International Studies (CSIS) calculated that similar conferences held annually since 2022 have resulted in total support commitments of around $200 billion in the form of grants, loans, guarantees, and various programs. The agreements reached in Gdańsk increase this figure by at least $11.3 billion.
According to the Rapid Assessment of Damage and Needs (RDNA5) report published in February, Ukraine needs approximately $588 billion for its reconstruction over ten years. This figure is about three times the country's 2025 gross domestic product.
The largest need is in the transport sector, exceeding $96 billion, while the energy sector ranks second with a requirement of roughly $91 billion. Both indicators saw sharp increases following Russian attacks on ports, railways, and energy system facilities during the 2025-2026 winter.
Stay Updated with The Turkiye Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
