Reconstruction of Ukraine newsletter - May 2025

May was marked by a series of significant developments for Ukraine. On 23 May, the U.S.-Ukraine Investment Fund was officially launched, following a diplomatic note sent by U.S. Chargé d’Affaires a.i. in Ukraine, Julie S. Davis, to Ukraine’s Minister of Economy, Yuliia Svyrydenko. At the same time, mid-May also witnessed the first direct talks between Ukrainian and Russian representatives since 2022. But as many expected, these talks did not lead to any real progress, especially while attacks on Ukrainian cities and infrastructure continue.

In this issue, we will begin with an overview of two years of implementation of the state-run eVidnovlennia compensation program, highlighting key results and improvements made over the past year. We will also examine the impact of the UNITED24 fundraising platform, now marking its third year of operation.

This edition will offer a curated overview of the latest developments shaping Ukraine’s recovery efforts, including:

  • Ukraine’s latest wave of business deregulation;
  • the launch of the digital catalogue of sustainable finance opportunities;
  • France’s contribution to ensure nuclear safety at the Chornobyl site;
  • new funding to support housing, SME financing and infrastructure recovery from international partners, including the CEB, EBRD, and World Bank.

Special attention will be given to the role of the private sector. This issue will explore key investment initiatives such as:

  • the IFC and Astarta project to construct Ukraine’s first soy protein concentrate facility;
  • Google’s renewed support for Ukrainian startups through its Ukraine Support Fund;
  • new financing for the reconstruction of Velta’s titanium mining and processing facility.

You can view or download the newsletter below.

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Ukraine’s reconstruction newsletter - May 2025

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