Rescuers working at a site of a strike following a mass Russian drone and missile attack on the Ukraine's capital Kyiv, amid the Russian invasion of Ukraine on July 4, 2025. The European Commission announced a $2.7 billion fund to help Ukraine recover from war. Photo by State Emergency Service of Ukraine/UPI | License Photo
July 10 (UPI) -- The European Commission on Wednesday announced a $2.7 billion package of agreements with financial institutions to support Ukraine's recovery and reconstruction efforts.
European Commission President Ursula von der Leyen announced the European Flagship Fund for the Reconstruction of Ukraine at the Ukraine Recovery Conference in Rome.
"Today, the EU reaffirms its role as Ukraine's strongest partner. Not just its top donor, but a key investor in its future," President of the European Commission Ursula von der Leyen said. "With $2.7 billion in agreements signed, we aim to unlock up to $11.7 billion in investments to rebuild homes, reopen hospitals, revive businesses, and secure energy. This is solidarity in action. Ukraine is moving closer to the EU every day -- in energy, education, roaming, and culture. Europe stands with Ukraine -- today and tomorrow."
