The European Union and the United States are seeking to mobilize up to $800 billion in public and private funds to rebuild Ukraine after the end of the Russian invasion, according to an 18-page document obtained by Politico.
The plan outlines a ten-year strategy aimed at ensuring Ukraine’s recovery, with a pathway for rapid European Union accession. The European Commission circulated the plan to European capitals ahead of a leaders’ summit on Thursday evening, according to three EU officials and diplomats speaking on condition of anonymity due to the sensitivity of the matter. The document is dated January 22, 2026.
The strategy of Washington and Brussels, which envisions mobilizing hundreds of billions of dollars in long-term financing and presenting Ukraine as a future EU member and an attractive investment destination, depends on a ceasefire—a prospect that remains distant as hostilities with Russia continue.
The financing plan extends to 2040 and includes a 100-day operational plan to kickstart it immediately. However, attracting foreign investments is considered extremely difficult while the war continues, as noted by BlackRock, which serves as an advisory partner for the reconstruction plan on a voluntary basis.
“Think about it. If you are a pension fund, you have obligations to your clients and retirees. It’s almost impossible to invest in a war zone,” said BlackRock Vice Chairman Philip Hildebrand in an interview at the World Economic Forum in Davos. “It will require proper stabilization, and that will take time.”
The so-called “prosperity” plan is part of a 20-point peace framework that the U.S. is negotiating between Kyiv and Moscow. The document assumes that security guarantees are already in place and is not intended as a military roadmap; instead, it focuses on Ukraine’s transition from emergency aid to long-term economic self-sufficiency.
The U.S. is expected to play a central role in Ukraine’s recovery, not primarily as a donor but as a strategic economic partner, investor, and credibility factor for reconstruction. The plan foresees the direct participation of U.S. companies and expertise, emphasizing the role of the U.S. in mobilizing private capital.
BlackRock CEO Larry Fink has been involved in peace talks with Kyiv, alongside Donald Trump’s son-in-law Jared Kushner and special envoy Steve Witkoff.
According to the document, over the next decade, the EU, U.S., and international financial institutions, including the International Monetary Fund and World Bank, are committed to providing $500 billion in public and private capital.
The European Commission plans to allocate an additional €100 billion for Ukraine through budget support and investment guarantees, according to the EU’s upcoming seven-year budget from 2028. This financing is expected to mobilize €207 billion in investments. The U.S. has pledged to provide funds through a special Reconstruction Investment Fund, without specifying an exact amount.
The document notes that although the Trump administration provided limited military and humanitarian support during the war, it appears willing to invest in Ukraine post-conflict. Washington aims to invest in critical projects in minerals, infrastructure, energy, and technology.
However, the prospects for large-scale investment remain limited as long as attacks continue. “It’s very hard to see something like this happen on a large scale while drones and missiles are flying,” said Hildebrand.
