Ukraine signed close to 200 agreements and memoranda totalling €11bn during the Ukraine Recovery Conference 2025 (URC2025) held in Rome, according to Minister of Economy Yulia Svyrydenko. The deals form part of a broader push to attract international investment for the country’s post-war reconstruction.

Svyrydenko confirmed that Ukraine had also signed an agreement to establish the largest European fund for reconstruction investments. “Four countries and leading European development banks will join this initiative, and a competition will be held to select a manager,” she said during the event.

A new €2.3bn support package was announced under the Ukraine Investment Framework, adding to the financial commitments unveiled at the conference. Over the next decade, the Netherlands will contribute €500mn in aid, while Switzerland has pledged approximately €5bn, according to Ukrainian officials.

European Commission President Ursula von der Leyen also announced a new Reconstruction of Ukraine Equity Fund (UREF) that has been seeded with €220mn managed by the European Investment Bank (EIB). This could raise as much as €10bn in private equity investments, according to von der Leyen.

The defence industry was a key focus of the talks, with discussions centred on industrial restoration. Svyrydenko said: “One of the key topics at the conference was the defence industry, with a focus on industrial restoration.”

The Ministry of Economy also signed a technology transfer agreement with the United Nations Industrial Development Organisation (UNIDO), aimed at forming joint ventures with Japanese companies. The project is valued at €188mn.

In parallel with the main conference, ten European countries, including Italy, Germany, France and Spain, agreed to participate in a new export guarantee scheme. The initiative is designed to encourage more European Union firms to engage in trade with Ukraine during its reconstruction phase.

The agreements represent one of the most substantial investment commitments made since the launch of Ukraine’s recovery roadmap. “Ukraine’s economic recovery is a strategic priority for Europe,” Svyrydenko said. The results of the conference follow on from the Ukraine Recovery Conference in 2023 (URC2023) which called on the private sector to come up with the tens of billions needed to rebuild Ukraine after the war.