Poland, Finland, France, and the Czech Republic, with the support of the European Commission, have agreed on joint financing of dual-use investments in Ukraine worth €175 million.
This was announced on social media platform X by Poland’s Government Plenipotentiary for the Reconstruction of Ukraine, Paweł Kowal, who reported the signing in Brussels of a letter of intent for such investments.
According to the report, the document was concluded with the participation of the European Commission and provides for support of projects with both civilian and defense purposes, particularly in the context of Ukraine’s reconstruction and security strengthening.
From the Polish side, the initiative involves the Bank Gospodarstwa Krajowego (BGK), as well as the Czech National Development Bank, Finland’s Finnvera, and France’s Bpifrance.
According to Kowal, the signing of the document “should strengthen Polish-Ukrainian partnerships in defense cooperation.”
The government envoy noted that Poland’s participation in the initiative became possible thanks to the new investment credit supporting Ukraine under the Ukraine Facility, which became operational in Poland after the relevant agreement was signed at the Chancellery of the Council of Ministers on March 30 this year.
Kowal added that Polish exports to Ukraine already exceed €13 billion annually, and Poland is becoming a hub for Ukraine’s reconstruction.
“Now we have a chance to grow together for the benefit of Ukraine and our companies. Europe is acting together: Poland, the Czech Republic, Finland, and France are moving in the same direction,” the Polish official emphasized.
