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EU Observer (29 September 2026)

Paul Klouman BEKKEN

Ukraine’s reconstruction is being planned from a map of destruction. Financing its private assets instead follows a map of earnings. 

Since the full-scale invasion, the European Bank for Reconstruction and Development (EBRD) has lent  $131m [€115.3m] to Nova Post, Ukraine’s largest parcel and courier network — an established business with visible demand, revenue, and an owner able to put up around a quarter of the cost itself. 

Shipments grew 16 percent in 2024 as traffic reoriented towards western and central Ukraine and across Ukraine’s  borders with the EU. Part of the financing paid for more than 600 safety capsules and shelters at its premises. A wartime resilience need met an earnings stream, and a lender followed.

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