Loan and guarantee scheme for the reconstruction of Ukraine

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Business initiatives within the Ukraine Facility

The war in Ukraine has led to a widespread need for reconstruction. Consequently, Ukraine has requested solutions from Danish companies for use in reconstruction, as well as a broader rebuilding of commercial ties between Danish and Ukrainian businesses to strengthen Ukraine's economy and business sector. In response, as part of the Danish Ukraine Fund, EIFO's Ukraine Facility was established in March 2023, which is a loan and guarantee scheme with a capacity of DKK 1 billion. The facility enables the provision of long-term loans and guarantees for Danish export to and investments in Ukraine.

General Questions and Answers

Here, we have compiled a series of frequently asked questions and answers about the Ukraine Facility.

Who can apply?

Danish exporters and Ukrainian buyers can apply for loans and guarantees from the Ukraine Facility.

What financial solutions do you offer?

EIFO's Ukraine Facility offers the following financial solutions:

  • Financing for Ukrainian buyers - either as direct EIFO loans or as 100% risk coverage of loans and credit from financial institutions and Danish exporters.
  • Risk coverage of Danish exporters' investments or contractual risks in Ukraine.
How are projects selected for financing?

To qualify for financing from the Ukraine Facility, the involved parties and the project must adhere to the following criteria:

  • The project must align with the purpose of EIFO's Ukraine Facility: For private Ukrainian counterparts, the facility is expected to support economic activity in agriculture, housing construction, privately owned infrastructure, supply, etc. For public counterparts in Ukraine, the Ukraine Facility is expected to be relevant for critical infrastructure in a broad sense, including in the energy, water, sanitation, housing, and transport sectors.
  • The applicant must be a Danish exporter or a Ukrainian buyer.
  • The borrower or guarantor must have existed for a minimum of 5 years.
  • A minimum equity of three times the application amount is required.
  • All financed projects must include an element of Danish economic interest of at least 30% of the financing amount.
  • The borrower or guarantor and the project must comply with EIFO's other policies regarding corporate responsibility, tax policy, etc., taking into account the operational context in Ukraine.

Among the applicants and business opportunities that meet the above criteria, projects are selected based on a range of screening criteria, including the project's societal benefit, the buyer and exporter's trade experience, the project's Danish economic interest, the project's maturity, and the risks associated with the transaction.

What currency do you offer?

Loans and guarantees are issued in EUR or DKK (USD may be offered in special cases where other sanctions rules apply).

When can I submit an application for financing?

EIFO continuously evaluates incoming inquiries to determine if they fall within the scheme's framework and whether there are financial resources available to initiate potential financing discussions.

What projects has the scheme already financed?

Due to confidentiality, EIFO cannot disclose details about financed projects. We strive to be transparent and accommodating in our communication and encourage interested parties to contact us for more information about the scheme.

Executive Order

For general terms and conditions, please see the Executive Order.


Kåre Stamer Andreasen, Finance Director / Counsellor at Embassy of Denmark to Ukraine