France to Provide Ukraine with €650 Million to Support Key Sectors

by Roman Cheplyk
Thursday, June 6, 2024
France to Provide Ukraine with €650 Million to Support Key Sectors

On Friday, June 7, President Volodymyr Zelenskyi and French President Emmanuel Macron will sign two significant agreements totaling €650 million to support Ukraine

This funding, comprising both loans and donations, will be directed towards supporting Ukrainian local authorities and critical infrastructure.

Details of the Agreements:

  1. First Agreement:
    • Amount: €450 million (comprising €400 million in loans and €50 million in donations)
    • Timeline: Until 2027
    • Purpose: To enable the French Development Agency to expand its activities in Ukraine.
    • Sectors Supported: Energy and transport sectors in Ukraine.
  2. Second Agreement:
    • Amount: €200 million
    • Purpose: Creation of a "support fund" for critical infrastructure.
    • Sectors Supported: Energy, transport, water supply and sanitation, healthcare, and agriculture.
    • Objective: To support French companies in future tenders and to finance important projects that strengthen or supplement Ukraine's energy infrastructure.

Context and Significance:

  • Local Authority Support: The funding aims to bolster Ukrainian local authorities' capabilities to manage and maintain essential services.
  • Critical Infrastructure: Emphasis on repairing and enhancing Ukraine's energy and transport infrastructure, ensuring resilience and continuity in the face of ongoing challenges.
  • French Involvement: The agreements reflect France's commitment to supporting Ukraine, with the funding facilitating the involvement of French companies in Ukraine's development projects.

Visit and Significance:

  • President Volodymyr Zelenskyi arrived in France on Thursday, June 6, and will attend events marking the 80th anniversary of the Allied landings in Normandy during World War II.
  • The signing of these agreements during his visit underscores the strengthening bilateral relations between Ukraine and France.


  • The financial support is expected to play a crucial role in stabilizing and developing key sectors in Ukraine.
  • The involvement of the French Development Agency and French companies in these projects indicates a long-term commitment to Ukraine's recovery and growth.

This significant financial assistance from France marks a pivotal step in Ukraine's efforts to rebuild and strengthen its critical infrastructure amidst ongoing challenges.

You will be interested