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InvestEU Ukraine Export Credit Pilot

To encourage EU businesses to increase exports to Ukraine and revitalise trade, strengthen ties with the EU, and contribute to Ukraine’s economic recovery.

The European Union has launched a wide effort to support Ukraine’s economic recovery by promoting trade and economic exchanges.

The Pilot will reduce risk for EU companies wanting to export to Ukraine and will provide essential services and goods supporting the country’s resilience and reconstruction, such as materials, machinery, technologies and vehicles. The agreement will enable European business to play a crucial role in Ukraine’s recovery, reinforcing economic ties and deepening connections ahead of Ukraine’s eventual accession to the EU.

To date Export Credit Agencies in 7 EU Member States have signed the agreement: Finland, Denmark, Romania, Slovakia, Italy, Latvia, and Slovenia. Additional agreements with 3 member states are currently approved: France, Germany, and Spain.

Mandator
Export Credit Agencies

The following summary is only indicative. For full information please refer to the Call documents below.

 

Application deadline

31/05/2025closed

The Ukraine Export Credit Pilot supports European exporters with export-risk protection, helping strengthen business resilience while contributing to Ukraine's economic reconstruction through secure and supported trade.

Objective

The initiative aims to reduce financial risks thanks to the EIF's support, encourage EU businesses to increase exports to Ukraine and revitalise trade, strengthen ties with the EU, and contribute to Ukraine's economic recovery.

For participating (sub-) intemediaries to enter into Final Recipient Transactions with SMEs and small mid-caps, established and operating in a Member State, an OCT or in an Other Participating Country, and exporting goods or services to an Importer.

Guarantee terms

Benefits for recipients

Reduction of financial risks
Support trade

Type of instruments

Direct guarantee
Counter-guarantee

Max (counter-)guarantee rate

< 80%
Please see call documentation for full details.

Max cap rate

N/A

Guarantee fee

Pro rata remuneration

Consistency with state aid

Yes

Lending features

Type of financial intermediary

Export Credit Agencies

Target final recipients

SMEs
Small mid-caps

Maximum debt principal amount

None i

Debt financing maturity range

1+ month i

Growth stage

All stages

Application closed

The EIF is no longer accepting applications, as the call closed on:

31 May 2025