EIB invests €50 million in Amber Dragon, the first-ever infrastructure equity fund for Ukraine’s recovery

January 27, 2026 by European Investment Bank Leave a Comment

This article is published in association with European Investment Bank.

EIB joins EBRD, IFC and other development finance institutions as an investor in the Amber Dragon Ukraine Infrastructure Fund I
Combined commitments at first close of around €200 million enable the fund to invest in projects that support Ukraine’s recovery
The fund will support infrastructure projects and companies in Ukraine’s energy, transport and digital sectors
The EIB contribution is financed through the EU4U Fund, the Bank’s dedicated instrument to support Ukraine’s recovery, backed by 16 EU Member States.

On the margins of the World Economic Forum in Davos, the European Investment Bank (EIB) has signed a €50 million commitment to Amber Dragon Ukraine Infrastructure Fund I (ADUIF), the first-ever specialised infrastructure equity fund investing in Ukraine. The fund is designed to help mobilise private capital in support of Ukraine’s recovery and long-term reconstruction.

Alongside the EIB’s €50 million commitment, the fund is expected to receive commitments from the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), Swedfund and Impact Fund Denmark. Together, these commitments are expected to reach around €200 million at first close, representing more than half of ADUIF’s €350 million target size and enabling the fund to begin investing.

The fund will invest in renewable energy, transport, and digital infrastructure, supporting essential services, economic activity and Ukraine’s long-term resilience. It is managed by a joint venture between Amber Infrastructure, a European infrastructure investor, and Dragon Capital, a leading Ukrainian investment manager, combining international investment expertise with strong local market knowledge.

“This is strong partnership at its best, when the world needs it most. Today the EIB Group joins our partners to demonstrate Europe’s unwavering support for Ukraine. We are proud to invest in the first-ever infrastructure equity fund for Ukraine’s recovery to provide emergency energy, reliable transport and basic services to the Ukrainian people,” said EIB Group President Nadia Calviño.

“Since the start of the war, the EIB Group has provided over €4 billion in financing, using a range of instruments to respond to different needs. Equity investment is one of those tools, helping to mobilise private capital where it is most difficult to reach. This is our third investment in an equity fund since the start of the war, and it reflects our confidence in Ukraine’s recovery and in partnerships that can deliver impact at scale,” added EIB Global Director-General Andrew McDowell.

Background information

The European Investment Bank (EIB), the bank of the European Union, has been active in Ukraine since 2007. Following Russia’s full-scale invasion in 2022, the Bank significantly stepped up its support to strengthen the country’s resilience and help rebuild critical infrastructure. Since then, the EIB has provided more than €4 billion in financing to Ukraine. Through the EU for Ukraine Fund (EU4U), the broader EU4U Initiative, and as a key partner in the European Union’s €50 billion Ukraine Facility, the EIB remains committed to scaling up its support, working closely with the European Commission, the European Parliament, EU Member States and international partners.

The EU for Ukraine Fund (EU4U) was established by the EIB in 2023 as a dedicated instrument to support Ukraine’s recovery and reconstruction. The fund is backed by contributions from 16 EU Member States: Belgium, Croatia, Cyprus, Denmark, Estonia, Finland, France, Italy, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Poland, Slovakia and Spain. The support provided under the fund enables the EIB to finance critical reconstruction projects in Ukraine that might not otherwise secure funding in the current challenging environment. The fund also helps project promoters by lowering borrowing costs, making vital recovery projects more affordable. EU4U has already supported a wide range of projects across Ukraine, including financing for small businesses to sustain jobs and economic activity, strengthening emergency response services, and supporting the modernisation of urban transport, thus helping maintain essential services and improve resilience.

About Amber Infrastructure

Amber is part of Boyd Watterson Global Asset Management Group LLC (‘Boyd’), a global diversified infrastructure, real estate and fixed income business with over $36 billion in assets under management and over 300 employees, with offices in eight US cities and 12 countries. Amber itself is a specialist international investment manager focused on investment, asset management and fund management. Amber’s core business focuses on managing infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors internationally. Amber is headquartered in London with offices in Europe, North America, Australia and New Zealand.

About Dragon Capital

Dragon Capital is one of the most active independent private investment management and investment banking firms operating in Ukraine. Founded in 2000, Dragon Capital has close to 30 years’ experience in managing funds and investing in Ukraine’s leading manufacturers of goods and service providers, as well as in landmark residential and commercial real estate projects.

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe to get the latest posts sent to your email.

© WHO/PAHO PAHO has mobilised emergency health supplies from its Strategic Reserve in Panama following the earthquakes that struck the country on 24 June.

Venezuela’s earthquake-hit hospitals pushed to the brink as disease risk grows

July 3, 2026

This article is published in association with United Nations. A week after earthquakes tore through northern Venezuela, hospitals in La Guaira are buckling under the weight of the disaster – and the risk of disease outbreaks in shelters is rising fast. An assessment by the UN-backed Pan American Health Organization (PAHO) found that all eight health […]

Venezuela earthquake disaster: needs ‘skyrocketing’, say relief agencies

July 2, 2026

This article is published in association with United Nations. In Venezuela, a rescue operation in La Guaira has succeeded in getting a toddler out alive from under the rubble, six days since the double-earthquake disaster. The miraculous story of the three-year-old’s rescue in the worst-hit northern region came as tens of thousands of people remained without […]

© WFP/Maxime Le Lijour Much of Gaza will need rebuilding after the war with Israel.

Despite record $100 million shortfall, Palestine relief agency still ‘a critical platform’ for Gaza recovery

July 1, 2026

This article is published in association with United Nations. The UN agency serving 5.9 million Palestine refugees, UNRWA, continues to strive to deliver on its mandate while facing an unprecedented $100 million budget shortfall, a gap it hopes to narrow during Tuesday’s pledging conference at UN Headquarters. Operating primarily on voluntary donations since its inception in the […]

© UNOCHA Sloviansk in eastern Ukraine has been regularly attacked with aerial bombs and drones.

UN details humanitarian toll of strikes on Ukrainian power industry

June 30, 2026

This article is published in association with United Nations. Missile and drone attacks killed at least a dozen civilians in Russia and Ukraine over the weekend as both countries continue to launch long-range drone strikes. Tweet URL Ukrainian authorities reported eight civilians killed and 35 others wounded in Russian attacks on the city of Dnipro on […]

Photo credit: Luis Garcia The UN System is present in La Guaira, the region most severely affected by the devastating twin earthquakes that struck Venezuela.

Venezuela earthquakes leave 680,000 children in need of assistance: UNICEF

June 29, 2026

This article is published in association with United Nations. Some 680,000 children are among the 1.8 million people in need of humanitarian assistance following the earthquakes that struck Venezuela on 24 June, the UN child rights agency UNICEF reported on Sunday as rescue efforts continue. Damage to hospitals, schools, and water systems is exacerbating the situation for affected families, […]

Europe heatwave breaks records as UN agencies ramp up health warnings

June 26, 2026

This article is published in association with United Nations. Climate and Environment As a record-breaking heatwave grips large parts of Europe, the World Meteorological Organization (WMO), national weather services and partners are mobilising heat-health action plans for millions of people facing dangerous temperatures. The extreme heat is also impacting economic activities, infrastructure, agriculture and ecosystems, the UN weather […]

© Unsplash/Angus Gray Ship transits through the Strait of Hormuz have dropped by over 90 per cent since the crisis escalated in late February 2026.

Stranded Hormuz seafarers begin mass evacuation operation

June 25, 2026

This article is published in association with United Nations. As the UN International Maritime Organization (IMO) released more details of its plan to evacuate more than 11,000 seafarers stranded in the Strait of Hormuz, one mariner caught up in the emergency has described the ever-present fear of coming under attack. “You don’t know when the war […]

World News in Brief: UN launches Hormuz evacuation plan, UNICEF youth champion killed in Gaza, Lebanon ceasefire ‘largely holding’

June 24, 2026

This article is published in association with United Nations. The International Maritime Organization (IMO) will begin implementing an evacuation plan for more than 11,000 seafarers stranded in the Strait of Hormuz, the UN agency announced on Tuesday. The development follows months of hardship and distress for thousands of innocent seafarers and comes on the heels of […]

© Unsplash/Michu Đăng Quang The emissions from electricity or gasoline that power air conditioners contribute to global warming. "It's time to come clean" and do more to promote renewable energy, the UN Secretary-General told the London Climate Action Week.

Climate crisis: UN chief lays out solutions blueprint for clean energy transition

June 23, 2026

This article is published in association with United Nations. As a deadly heatwave continued to grip Europe on Tuesday, UN Secretary-General António Guterres issued an impassioned appeal for more ambitious global action on climate change caused by fossil fuels, to prevent irreversible damage. In a major keynote speech at London Climate Action Week, the UN chief […]

Libya’s political process regains momentum, but window for action is narrowing, UN envoy warns

June 22, 2026

This article is published in association with United Nations. Libya has been mired in political dysfunction since the collapse of Muammar Gaddafi’s regime in 2011, which shattered State institutions and triggered recurring struggles over legitimacy and power. The country’s current stalemate pits the UN-recognised Government of National Unity in the capital Tripoli against eastern-based authorities backed […]

© UNICEF Chad hosts refugees from conflicts in neighbouring Sudan, the Central African Republic and Cameroon.

World Refugee Day: UN calls for renewed commitment and solidarity

June 22, 2026

This article is published in association with United Nations. The UN High Commissioner for Refugees has called on the international community to strengthen support for the nearly 42 million people worldwide who have fled their home countries to escape conflict, violence or persecution. Barham Salih highlighted the contributions refugees make to their host communities as workers, students, neighbours, […]

© WFP/Htet Oo Linn Families in Myanmar have been hit hard by rising prices, with the most vulnerable struggling to meet their daily needs.

US makes $1 billion contribution to UN child rights and food agencies

June 19, 2026

This article is published in association with United Nations. Two United Nations agencies have together welcomed more than $1 billion in assistance from the United States to support their operations targeting millions of children and hungry families in more than 40 countries. This week the US State Department announced a more than $800 million contribution to the […]

© UNICEF/Oleksii Filippov A bouquet of flowers and soft toys placed near the site of a missile strike, left in memory of the children killed in the early morning attack in Kyiv, Ukraine, on 24 April 2025.

‘Darkest chapter’: Record child violations in 2025, with national forces leading the way

June 18, 2026

This article is published in association with United Nations. For the first time, soldiers and Government forces were responsible for more grave violations against children in armed conflict than non-State armed groups – and 2025 set a grim new record for the total number of child victims. The findings come in the annual UN report on Children and Armed […]

© UNICEF/Sukhum Preechapanich Children in Thailand are enduring extremely hot temperatures and drought. (file)

Triple climate threats affect nearly half the world’s children

June 17, 2026

This article is published in association with United Nations. Drought, extreme heat and heatwaves are the most prevalent trio of hazards endangering millions of children globally, warned a newly released climate report by the UN Children’s Fund (UNICEF). About 1.1 billion children now face at least three overlapping climate hazards, threatening their health, education and survival, […]

© UNOCHA Kyiv Pechersk Lavra is a UNESCO World Heritage Site and one of Ukraine's most significant religious and cultural landmarks.

Ukraine: Latest Russian attack kills civilians, damages cultural landmark

June 16, 2026

This article is published in association with United Nations. eral civilians were killed and dozens more were injured in the latest wave of overnight attacks in Ukraine that targeted the capital Kyiv, the city of Kharkiv and the country’s history and cultural heritage, the United Nations said on Monday. The Russian strikes damaged homes, schools and […]

© NASA/GSFC/Jacques Descloitres The Strait of Hormuz is a narrow but vital shipping route linking the Persian Gulf to the Gulf of Oman and the wider Arabian Sea. It lies between Iran to the north and Oman and UAE to the south.

Guterres welcomes US-Iran peace deal as ‘critical step’ toward ending conflict

June 15, 2026

This article is published in association with United Nations. UN Secretary General António Guterres welcomed on Sunday a new peace deal between the United States and Iran, calling it a “critical step” toward ending the conflict. According to a statement issued by his Spokesman, the agreement provides for an immediate and permanent ceasefire, the reopening of […]

Three seafarers killed in Hormuz strike as UN warns of widening fallout

June 12, 2026

This article is published in association with United Nations. Three Indian seafarers were killed in an attack on an oil tanker near the Strait of Hormuz on Wednesday, as renewed hostilities in one of the world’s most critical shipping corridors once again heightened concern over food security, fuel prices and broken global supply chains. The latest […]

© UNICEF/Royena Rasnat A group of Rohingya refugee children attend an activity centre in Cox's Bazar in Bangladesh.

Refugee numbers drop for first time in a decade, but millions remain trapped

June 11, 2026

This article is published in association with United Nations. Global forced displacement has decreased for the first time in a decade, the UN refugee agency (UNHCR) reported on Thursday, though the figure remains unacceptably high and tens of millions of people are still trapped in prolonged exile with little prospect of rebuilding their lives. UNHCR‘s flagship […]

Miles for Water: The Daily Health Burden of Climate Change on Women

June 10, 2026

This article was exclusively written for The European Sting by Ms. Jasminy Musa Belotti Dessiyeh, a 19-year-old medical student at FACISB (Faculdade de Ciências da Saúde de Barretos), Brazil. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and […]