Ukraine and the EBRD discussed cooperation priorities focused on privatization support, war risk insurance, and corporate governance reforms. The EBRD signaled continued backing for gas infrastructure and energy projects, while the Ukrainian side emphasized a broad portfolio of ready projects across the economy.
Key instruments include support for preparing assets for privatization, structuring complex transactions, and addressing legacy liabilities. The parties also discussed expanding the EBRD war risk insurance program, which includes a new tranche after the initial envelope was largely deployed.
Project preparation and donor financing
The cooperation includes the Ukraine Project Preparation Framework, designed to turn sector portfolios into bankable investments. Additional donor financing for 2026 to 2027 is expected to expand the pipeline.
Investor relevance
Expanded insurance coverage reduces transaction risk, while better project preparation improves execution quality. For investors, this signals a more structured deal flow in privatization, infrastructure, and energy.
Risks and watchpoints
- Timing and scope of privatization assets entering the market
- Terms and pricing of war risk insurance products
- Implementation of corporate governance reforms
If these tools scale, they can unlock larger transactions and broaden investor participation.
