The financing package, distributed via Ukrgasbank, Oschadbank, and Ukreximbank, allows municipalities to cover up to 50% of eligible project costs. With Oschadbank holding over 64% of the municipal lending market as of August 2026, these state-backed institutions are positioned to process urgent infrastructure requests from cities facing immediate frontline pressures.
Investment priorities include installing decentralized generation, such as solar panels with battery storage, heat pumps, and small-scale power plants. By modernizing thermal systems and improving the energy efficiency of hospitals and schools, the program aims to reduce reliance on vulnerable, centralized infrastructure. EIB Vice-President Karl Nehammer emphasized that for these communities, the ability to maintain heat during freezing temperatures is a matter of survival. EU Ambassador Katarína Mathernová added that these projects serve a dual purpose: addressing emergency repairs while establishing a sustainable, resilient energy framework for Ukraine’s long-term recovery.
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