Ukraine Rebuild Newswire

European Union to allocate its portion of the $50 billion G7 loan to Ukraine in 2025 The European Commission will disburse €18.1 billion to Ukraine in 2025 as part of a $50 billion G7 loan. The first tranche will be paid in early January. The EC determined that Ukraine met all conditions for the loan, including reforms in macro-financial stability, state-owned enterprises, and public administration. The G7 group agreed to the loan package in October, with the EU initially pledging up to €35 billion. Get the full story here: https://lnkd.in/dknpGFJt

EIB to allocate €16.5 million to renew public transport in Kyiv, Mykolaiv, other Ukrainian cities The European Investment Bank (EIB) will provide €16.5 million to support the renewal of urban public transport in Kyiv, Mykolaiv, Ivano-Frankivsk, and Odesa. The funding will be used for the purchase of new buses, dual trolleybuses, trams, spare parts, and maintenance equipment. This initiative is part of the EIB's Ukraine Solidarity Urgent Response package and is backed by a European Union guarantee. The loan will help Ukrainian cities meet the increased demand for public transport due to the influx of internally displaced persons. Get the full story here: https://lnkd.in/dcHNnsBa

EBRD lends €20 million to ProCredit Bank Ukraine for onlending to SMEs The European Bank for Reconstruction and Development (EBRD) is providing a €20 million loan to ProCredit Bank Ukraine to support local SMEs. The loan, with EU interest rate subsidy, will help address working capital and investment needs, strengthening Ukraine's banking sector. Thirty percent of the sub-loans will support sustainable and green technologies. ProCredit Bank Ukraine has already directed over €235 million to local businesses through EBRD projects. Get the full story here: https://lnkd.in/dQy5KVvJ

URN Daily: Australia reopens embassy in Kyiv; World Bank approves $2 billion for Ukraine; EBRD lends €480 million to Ukrainian Railways Australia pledged AUD 76 million in aid to Ukraine and reopened its embassy in Kyiv. The World Bank approved $2.05 billion for Ukraine reforms. EBRD loaned €480 million to Ukrainian Railways. The European Commission disbursed €4.1 billion under the Ukraine Facility. The World Economic Forum opened a Global Government Technology Centre in Kyiv. CSIS suggests the US appoint a special envoy for Ukraine's reconstruction. SCMP criticizes UK bureaucracy for hindering support to Ukraine. Newsweek argues Ukraine can still win the war. A study suggests decentralized energy systems can enhance Ukraine's energy resilience. Get the full story here: https://lnkd.in/dGEVUmVp

Australia pledges additional aid for Ukraine as it reopens Kyiv embassy Australia has pledged AUD 76 million in new aid to Ukraine, including funding for recovery and reconstruction efforts and the Ukraine Energy Support Fund. Australia is also reopening its embassy in Kyiv next month. The move comes as Australia's support for Ukraine surpasses $1 billion, including military aid. Get the full story here: https://lnkd.in/dUzviqCS

World Economic Forum opens Global Government Technology Centre in Kyiv The World Economic Forum has established a Global Government Technology Centre in Kyiv, the organization's second such center after Berlin. The center aims to develop GovTech solutions using AI, IoT, blockchain, and cybersecurity, fostering an innovation ecosystem with local and global impact. It will be a platform for collaboration between governments, businesses, scientists, tech companies and startups, supporting innovative solutions, sharing best GovTech practices, and facilitating joint projects. The center will enable Ukrainian startups to accelerate public sector digital reforms around the world. Get the full story here: https://lnkd.in/dSy2Sg-p

European Commission disburses €4.1 billion under Ukraine Facility The European Commission has released €4.1 billion to Ukraine as part of the €50 billion Ukraine Facility, bringing the total EU funding disbursed to Kyiv under the facility to €16.1 billion. This includes a €1.5 billion grant to be allocated to budgetary needs in the social and humanitarian sectors. The Ukraine Facility aims to promote macro-financial stability and short-term recovery, as well as support rebuilding and modernization efforts. Ukraine has received more than €16 billion from the EU in 2024, making the bloc the country's largest donor. Get the full story here: https://lnkd.in/d86cu4SJ

World Bank approves $2.05 billion aid package for Ukraine reforms The World Bank has approved a $2.05 billion aid package for Ukraine, aiming to strengthen the economy and improve financial stability. The initiative includes $1.05 billion in loans and $1 billion in grants, with the latter coming from a new US loan fund backed by frozen Russian assets. The aid package focuses on reforms including streamlining railway sector, promoting renewable energy, and improving procurement processes. The World Bank highlights Ukraine's efforts in stabilizing the economy despite ongoing challenges and its commitment to EU integration. Get the full story here: https://lnkd.in/dmKBPqTy

EBRD lends €480 million to Ukrainian Railways for electric locomotives, power capacity The EBRD is providing €480 million in loans to Ukrainian Railways. €300 million will be used to purchase electric locomotives for stable cargo and passenger services, co-financed by a US grant of up to $190 million. Another €180 million will be used for installing gas-fired power generation capacity, co-financed by UK and international grants. These loans are part of the EBRD's ongoing support for Ukraine, totaling over €5.4 billion since February 2022. Get the full story here: https://lnkd.in/dqw-Bk3Z

Zavalivsky Graphite, Ukraine's sole graphite miner, shuts down due to energy costs and outdated equipment Ukraine's only natural graphite mining company, Zavalivsky Graphite, has suspended operations due to high electricity costs and outdated infrastructure. The shutdown will significantly impact the national industry, given graphite's strategic role in various sectors, including defense. Zavalivsky Graphite, which has been operating since 1934, was acquired by Australia's Volt Resources in 2021. Get the full story here: https://lnkd.in/d6Y37rWu