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Rome Recovery Conference Pledges Over €10 Billion and Launches Flagship Equity Fund for Ukraine

Ursula von der Leyen introduced a global equity fund to mobilize private capital for Ukraine’s rebuilding from frozen Russian assets

U.S. Special Envoy to Ukraine and Russia Keith Kellogg shakes hands with Ukrainian President Volodymyr Zelenskiy, amid Russia's attack on Ukraine, in Kyiv, Ukraine, February 20, 2025. REUTERS/Thomas Peter/File Photo
Italy’s Prime Minister Giorgia Meloni welcomes Spanish Prime Minister Pedro Sanchez on the first day of the two-day Ukraine Recovery Conference (URC2025), on plans for the reconstruction of Ukraine, in Rome, Italy, July 10, 2025. REUTERS/Guglielmo Mangiapane
Ukrainian President Volodymyr Zelenskiy arrives to attend the two-day Ukraine Recovery Conference (URC2025), on plans for the reconstruction of Ukraine, in Rome, Italy, July 10, 2025. REUTERS/Guglielmo Mangiapane
Italian Prime Minister Giorgia Meloni arrives to attend the first of the two-day Ukraine Recovery Conference (URC2025), on plans for the reconstruction of Ukraine, in Rome, Italy, July 10, 2025. REUTERS/Guglielmo Mangiapane

Overview

  • Delegates at the fourth annual Ukraine Recovery Conference in Rome committed over €10 billion and prepared around 200 agreements targeting postwar rebuilding.
  • European Commission President Ursula von der Leyen unveiled the European Flagship Fund as the world’s largest equity vehicle to channel private investments into Ukraine’s energy, transport and dual-use sectors.
  • President Volodymyr Zelensky called for a Marshall Plan–style Recovery Coalition and urged that both income and principal from frozen Russian assets be dedicated to reconstruction.
  • The conference drew about 5,000 participants, including 100 government delegations and 2,000 businesses, to reaffirm Lugano principles of transparency, accountability and multi-stakeholder engagement.
  • Sessions were organized under four thematic pillars—business mobilization, human capital, regional recovery and EU integration—to set strategic priorities for reconstruction.