New agreements signed to expand EU unified emergency system to Ukraine, reinforce its energy security and trade with EU

On 24 October, European Investment Bank (EIB) Group President Nadia Calvino announced new support for Ukraine, alongside EU Commissioner for Economy Paolo Gentiloni and Ukraine’s Finance Minister Sergii Marchenko on the margins of IMF/World Bank Group meetings held in Washington, USA.

A €52 million EU investment will support the rollout of the EU 112 emergency number and call system in Ukraine. This investment includes a new €12 million EU grant and an already planned €40 million EIB loan. The project will unify the country’s ambulance, police, fire brigade and emergency gas services under a single emergency response system designed to provide faster, life-saving assistance for citizens when they need them most. The initiative includes building state-of-the-art call centres and IT infrastructure, bringing Ukraine’s emergency services in line with European standards.

The EIB Group also announced the full coverage for the €300 million pan-European export credit guarantee facility. Managed by the EIB Group’s risk-capital subsidiary, the European Investment Fund, alongside the European Commission under the InvestEU programme, the facility is designed to help European small and medium-sized enterprises (SMEs) and small mid-caps export to Ukraine. By reducing financial risks, it is boosting trade and playing a vital role in Ukraine’s economic recovery.

“Since its launch in July 2024, the facility has seen great interest, with demand from the EU export credit agencies fully subscribing to the available budget ahead of the application period’s end. This reflects the strong commitment of EU businesses to Ukraine’s reconstruction and future growth,” the EIB said in a press release.

Also highlighted in Washington was the recently approved energy rescue plan for Ukraine, which allocates up to €600 million in EU-backed financing for critical energy and heating projects as the country prepares for winter. The plan aims to repair and protect vital infrastructure, ensuring reliable power and heat for both citizens and businesses, while also strengthening the long-term resilience of Ukraine’s energy system.

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Press release