Lithuania Approves €15M ($16.8M) for Ukraine’s Recovery and Reconstruction Through World Bank, EIB

Lithuania’s government approved an additional €15 million ($16.8 million) in financial assistance to Ukraine on Wednesday, Oct. 7, directing the funds through the World Bank and European Investment Bank (EIB) to support reconstruction and strengthen the country’s economic resilience amid Russia’s ongoing war. According to Lithuania’s Ministry of Finance, €10 million ($11.2 million) will go to the World Bank’s Special Program for Ukraine Recovery 2.0 (SPUR 2.0), while €5 million ($5.6 million) will be allocated to the EIB’s EU for Ukraine Fund (EU4U).JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. Lithuanian Finance Minister Taurimas Valys said continued assistance was essential not only for Ukraine’s survival but also for Europe’s security. “Today, Ukrainians are fighting not only for their own freedom but for ours as well. Uninterrupted and timely support is the least we must provide. It is our duty to ensure that Ukraine has everything it needs – both to achieve victory and to rebuild the country,” Valys said. Ukrainian Foreign Minister Andrii Sybiha welcomed the decision, thanking Lithuania for its continued commitment to Ukraine. “Thank you, Lithuania, for another €15 million for Ukraine’s recovery and resilience through the World Bank and EIB mechanisms,” Sybiha wrote on X. “Lithuania has stood shoulder to shoulder with Ukraine from the very beginning,” he added, praising Vilnius for practical decisions that help Ukraine recover and grow stronger. Other Topics of Interest Sine Engineering Appoints Mykolska as VP of Growth and Affairs Ukrainian defense startup Sine Engineering taps Nataliya Mykolska as VP of growth and affairs to lead international expansion and attract capital. Funding Ukraine’s recovery and reconstruction The €10 million ($11.2 million) contribution to SPUR 2.0 will support a World Bank financing mechanism designed to mobilize additional resources for Ukraine’s recovery. Established in June 2026, the program allows donor contributions to generate approximately three times their value in concessional lending. According to Lithuania’s Finance Ministry, $2 billion in donor contributions could unlock around $6 billion in loans to Ukraine on favorable terms. The program also includes a private-sector component aimed at encouraging investment and supporting Ukraine’s economic recovery. Lithuania previously contributed €10 million ($11.2 million at the Oct. 7, 2026 exchange rate) to the original SPUR program in 2023. The remaining €5 million ($5.6 million) will go to the EIB’s EU4U Fund, which finances critical infrastructure reconstruction and projects strengthening Ukraine’s economic resilience. The EIB requested additional contributions from member states in July after previously committed funding for Ukrainian projects was nearly exhausted. Lithuania also contributed €10 million to the EU4U Fund in 2023. Lithuania reaffirms long-term commitment to Ukraine Since Russia launched its full-scale invasion in February 2022, Lithuania’s Finance Ministry has allocated more than €93 million ($104.2 million) to Ukraine through international financial institutions and EU mechanisms, alongside €26 million ($29.1 million) in bilateral assistance. Valys said Ukraine’s financial requirements and the international community’s continued assistance would be among the central issues discussed at next week’s annual meetings of the World Bank and International Monetary Fund. During a September meeting with Ukrainian Ambassador Olha Nikitchenko, Valys said Ukraine’s security was inseparable from Europe’s and reaffirmed that assistance to Kyiv would remain a priority during Lithuania’s presidency of the Council of the European Union in the first half of 2027. Kyiv Post is Ukraine’s first and oldest English news organization, reporting since 1995. Its international reach – 90% of readers are outside of Ukraine – make it truly Ukraine’s global voice.