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€11 Billion in Deals Signed at Rome Recovery Conference

by Roman Cheplyk
Monday, July 14, 2025
2 MIN
€11 Billion in Deals Signed at Rome Recovery Conference

Nearly 200 agreements advance Ukraine’s reconstruction, defense industry, and technology transfer

Headline Figures

  • Total value: €11+ billion across ~200 MoUs and contracts

  • Flagship item: Creation of the largest European investment fund dedicated to Ukraine’s rebuild

  • Key sectors: Energy, infrastructure, defense manufacturing, tech transfer, export guarantees


1. New Capital Vehicles

Instrument Size Participants
European Reconstruction Investment Fund Multi-billion equity facility (largest of its kind) Four EU member states + top European development banks; fund manager to be selected via open tender
Ukraine Investment Framework Package €2+ billion European Commission; leverages public guarantees to crowd-in private capital
Dutch Long-Term Commitment €500 million over 10 years Netherlands
Swiss Support Program ≈ €5 billion through 2035 Switzerland

2. Defense & Industrial Modernization

  • UNIDO–Ukraine – Japan Tech Transfer Pact

    • Value: €188 million

    • Goal: Co-develop joint ventures in advanced manufacturing and dual-use technologies.

  • EU Export-Guarantee Scheme Expansion

    • Italy, Germany, France, Spain, and six other nations join.

    • Lowers risk for EU firms shipping machinery and components to Ukraine.


3. Strategic Impact

Pillar Expected Outcome
Reconstruction Fund Rapid financing for housing, hospitals, and transport corridors.
Investment Framework Blended finance designed to unlock €10–12 billion in private projects.
Defense & Tech Transfer Boosts local production of drones, armored vehicles, and smart munitions; embeds Japanese lean-manufacturing practices.
Export Guarantees Encourages EU SMEs to enter the Ukrainian market, diversifying supply chains.

Yuliia Svyrydenko, Economy Minister:
“Rome has delivered concrete capital commitments and new tools that will turn pledges into cranes, factories, and paychecks on the ground.”


4. What Happens Next

  1. Q3 2025: Tender launched for fund-manager selection; pipeline of ready-to-build projects published.

  2. Q4 2025: First disbursements under the Ukraine Investment Framework; export-guarantee program goes live.

  3. 2026: Japanese-Ukrainian joint ventures break ground; European fund reaches first-close target.

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