Man wearing a hard hat stands on a lifting platform in front of a bombed-out house

Support for Ukraine – today and tomorrow

    For more resilience

    For more than three years, Ukraine has been resolutely fighting against Russia’s war of aggression, which is illegal under international law. The Ukrainians have tolerated immeasurable suffering. Nightly rocket and drone attacks are a sad everyday reality in many cities – not just in the eastern part of the country. But while the war continues, life must go on, the economy must function, schools must remain open, and fields must be tilled. These aspects of life must remain intact if the daily needs for goods and services are to be met and even more suffering is to be prevented. KfW is supporting the country precisely in this regard.

    KfW has been working closely with Ukraine on behalf of the German Federal Government since the 1990s. Back then, the main emphasis was on accompanying the transformation towards a modern, democratic state and an open economy. Now the focus has shifted to making Ukraine more resilient through civilian support – be it by restoring (social) infrastructure or creating economic prospects. Establishing a closer relationship to the EU also remains relevant.

    With a portfolio currently totalling more than EUR 1.4 billion (as of June 2025), KfW is an important partner for Ukraine. In addition, KfW subsidiary DEG has been advising and supporting its customers from the Ukrainian private sector, particularly from the agricultural, IT and logistics sectors, on an ongoing basis since the start of the war and is supporting German companies in their investment projects via the “develoPPP” and "ImpactConnect" programmes.

    KfW Development Bank’s current portfolio includes the three sectors of energy and nature conservation, sustainable economic development and vocational training as well as (social) infrastructure and services, including for internally displaced persons (IDPs) and host communities. The overall aim of KfW’s cooperation with Ukraine is the sustainable and resilient social and economic development of the country.

    The cooperation also seeks to get war damage repaired quickly, modernise dilapidated infrastructure and to begin the process of reconstruction now. Whether it is power lines that are destroyed by attacks or buildings that are damaged, reconstruction cannot wait until the fighting is over. Instead, it must happen in parallel. To make this work, KfW is continuously adjusting its portfolio and adapting to new circumstances.

    A reliable partner

    KfW remains a close partner of Ukraine. It will continue to support the country in this difficult time, stand reliably by its side and take responsibility. This applies to strengthening Ukraine's resilience in the current war situation as well as to reconstruction and the process of rapprochement with the EU..

    Ukraine recovery Conference 2025

    The Ukraine Recovery Conference 2025 (URC2025) takes place in Rome on 10 and 11 July 2025, organized by the governments of Ukraine and Italy. Governments, international organisations, financial institutions, businesses, regions, municipalities and civil society will meet to foster international support and investment in resilience, recovery and reconstruction, modernisation and reforms in Ukraine. KfW will participate in the URC2025 to enhance partnerships, exchange ideas and strengthen its network.

    Ukraine Recovery Conference 2025

    Further Information

    Financial Cooperation with Ukraine

    Фінансова співпраця з Україною

    Factsheet Ukrenergo

    Business Development Fund (BDF)

    The situation remains volatile - and we remain flexible

    Interview with Lorenz Gessner, head of the KfW office in Ukraine, on the situation in Ukraine three years after the start of the Russian war of aggression.

    Playing and learning during a state of emergency

    In times of war, children need to be given a feeling of security and they need to be treated differently Kindergarten teachers are attending special trainings to learn the best ways for this.

    “The backbone of the economy”

    Interview with Andrii Gapon, Chairperson of the Management Board of the Business Development Fund (BDF), on the state of the Ukrainian economy and the significance of the BDF.

    Stories

    In depth