Emergency aid and reforms for Ukraine
The European Bank for Reconstruction and Development (EBRD) supports economic transitions and private-sector models in over thirty countries across Europe, Central Asia, and North and Sub-Saharan Africa. Switzerland is a founding member of the EBRD, holds a permanent seat on the Board of Directors and chairs a voting group that includes Ukraine. This enables it to help shape the Bank’s strategic direction and priorities.
In 2025, Switzerland decided to contribute CHF 96 million to the EBRD’s capital increase of EUR 4 billion. The EBRD’s shareholders approved this in 2023 in response to Russia’s war of aggression against Ukraine. The EBRD is the largest institutional investor in Ukraine. It not only provides emergency aid but also guides the country on its path to reform.
Every franc draws additional public and private investment, thereby providing support that would not be possible through bilateral measures alone. This has had a direct impact on people’s daily lives: even in the most trying times of the war, the lights stay on, trains continue to run and businesses can continue their activities. In addition, Swiss and international companies are able to contribute their expertise, technology and innovations to Ukraine’s reconstruction.
Russian missile strikes repeatedly target Ukraine’s energy system. EBRD investments allow substations to be repaired, gas lines secured and power grids stabilised. Hospitals can continue to operate, businesses can reopen and families can return to warm, well-lit homes. Through the EBRD, SECO has backed initiatives such as the Ukraine Energy Security Support Facility, which will invest around EUR 700 million in energy security.
In addition to providing emergency aid, the EBRD works with the Ukrainian authorities to implement reforms based on European standards. These reforms aim to strengthen financial oversight, improve corporate governance and promote digital public services. This brings Ukraine closer to EU accession and fosters a more transparent and predictable economy. Through the EBRD, SECO has supported 88 legal opinions aimed at harmonising Ukrainian legislation with that of the EU in areas such as energy, economic and monetary policy.
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Emergency aid and reforms for Ukraine
Soforthilfe und Reformen für die Ukraine
