Reconstruction of Ukraine newsletter - February 2026

Four years after the start of the full-scale invasion, February 2026 has stood as a pivotal moment for Ukraine. While the country faces relentless attacks, it continues to show resilience.

This edition of our newsletter we will start with the findings of the RDNA5, the fifth joint Rapid Damage and Needs Assessment.

We will also cover the major international announcements of the month:

  • the launch of a new EUR 71 million tranche of the Fonds Ukraine;
  • the new 48-month programme from the IMF;
  • the EBRD and Norway’s gas supply support to Ukraine.

Finally, we will highlight two encouraging signals from the private sector:

  • Kniazha VIG launched the first war risk insurance mechanism backed by US reinsurance (DFC);
  • DTEK partners with a US firm to introduce advanced drilling technology.

You can view or download the newsletter below.

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Ukraine’s reconstruction newsletter - February 2026

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