Today at 23:01
European Commission President Ursula von der Leyen announced that the European Flagship Fund, the EU’s largest equity fund dedicated to Ukraine’s reconstruction, is now ready to begin operations.
Speaking at the opening of the Ukraine Recovery Conference (URC 2026) in Gdańsk, von der Leyen recalled that the initiative was launched at last year’s recovery conference in Rome, UATV English reports.
“Today, this fund is ready to go. It will invest in some of the most strategic sectors for Ukraine’s future—from clean energy and infrastructure to high-growth companies that will drive the Ukrainian economy for decades to come,” she said.
According to von der Leyen, the fund is backed by the European Union, Poland, France, Germany, and Italy.
She said the initiative is expected to mobilize up to €500 million this year, with the goal of growing to €1 billion over time.
Von der Leyen also announced that the European Union is releasing the first €3.2 billion tranche of its €90 billion macro-financial assistance package for Ukraine. In addition, she unveiled new funding to support the production of Ukrainian drones as part of the country’s defense industrial expansion.
