The EU's main fund for Ukraine's reconstruction has raised approximately 260 million euros
The European flagship fund for Ukraine’s reconstruction, managed by Amber Infrastructure and Dragon Capital, has announced that it has secured funding commitments totaling approximately EUR260 million. This fund is the European Union’s primary instrument for channeling equity capital toward the country’s recovery.
Of the total amount raised, EUR220 million consists of subordinated equity capital financed by the European Commission and the four founding member states — France, Germany, Italy, and Poland — through national development banks and the European Investment Bank, serving as a catalyst for mobilizing private capital.
The fund’s sponsors are also making their own contributions as co-managers. The relevant agreements and accession documents were signed on Thursday in Gdańsk on the sidelines of the URC2026 Conference on Ukraine’s Recovery by the EIB, Germany’s KfW, Italy’s CDP, Poland’s BGK, and France’s Proparco, which act as limited partners of the Fund.
The creation of the European Flagship Fund for the Reconstruction of Ukraine was announced by European Commission President Ursula von der Leyen at the Ukraine Recovery Conference in Rome in July 2025, and the fund itself aims to mobilize EUR500 million by the end of 2026. Dragon Capital, together with Amber Infrastructure, was selected as the winner of the competition to manage this instrument from among 12 bidders. Amber Infrastructure, an experienced firm, is part of Boyd Watterson Global Asset Management Group LLC and has invested approximately EUR1 billion in Central and Eastern Europe. Dragon Capital, an investment firm founded in 2000 by Tomas Fiala, has invested over EUR1.2 billion in the Ukrainian economy, of which nearly EUR200 million was invested after the start of Russia’s full-scale invasion in 2022. Their two-year partnership also resulted in the recent successful first closing of the Amber Dragon Ukraine Infrastructure Fund and the closing of the Rebuild Ukraine Fund to mobilize capital for companies in strategic sectors.
This was reported by the Interfax-Ukraine news agency.
A two-day Ukraine Recovery Conference 2026 began on June 25 in Gdańsk, Poland, and is set to become one of the key international platforms for attracting investment and supporting the country’s post-war reconstruction.
On the eve of the conference, Polish Prime Minister Donald Tusk expressed hope that the international Ukraine Recovery Conference in Gdańsk would help halt the escalation of tensions between Warsaw and Kyiv.
