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10 billion euro deal signed in Gdańsk for Ukraine's reconstruction
The Ukraine Recovery Conference held in Gdańsk, Poland, concluded with the signing of 160 agreements worth over 10 billion euros.
A two-day Ukraine Recovery Conference (URC 2026) focused on Ukraine's reconstruction has concluded in Gdańsk, Poland. Ukrainian Prime Minister Yulia Sviridenko announced that 160 agreements worth over 10 billion euros were signed as part of the conference.
In a statement on her Telegram account, Sviridenko noted that among the most significant outcomes of the conference were the first tranche of 3.2 billion euros to be transferred to Ukraine from the European Union's new financial instrument and a 3.4 billion dollar agreement signed with the World Bank.
New funds and energy deals
The conference also saw the launch of the Europe Ukraine Reconstruction Flagship Fund and the creation of the Ukraine Transport Support Fund. Partners allocated 140 million euros for housing programs.
Ukrainian Energy Minister Denis Shmyhal stated that prior to the conference, about 30 agreements worth over 1 billion euros were prepared between Ukrainian public and private energy companies and foreign partners in the energy sector.
Reconstruction cost at 588 billion dollars
Experts from the Center for Strategic and International Studies (CSIS) calculated that similar conferences held annually since 2022 have pledged a total of around 200 billion dollars in grants, loans, guarantees, and various programs. The agreements reached in Gdańsk increase this figure by at least 11.3 billion dollars.
According to the Rapid Damage and Needs Assessment (RDNA5) report published in February, Ukraine needs approximately 588 billion dollars for its reconstruction over the next decade. This figure is equivalent to about three times the country's 2025 gross domestic product.
The greatest need is in the transport sector, exceeding 96 billion dollars, while the energy sector ranks second with a requirement of about 91 billion dollars. Both indicators saw a sharp increase following Russian attacks on ports, railways, and energy system facilities during the 2025-2026 winter.
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