InvestEU Ukraine Export Credit Pilot
To encourage EU businesses to increase exports to Ukraine and revitalise trade, strenghten ties with the EU, and contribute to Ukraine's recovery.
Following the announcement of the European Commission and the EIB Group in June 2024, we have launched this new €300 million export credit guarantee facility under the InvestEU SME Competitiveness window to support exports by European SMEs and small mid-caps to Ukraine.
To date, the EIF has partnered with Export Credit Agencies in seven EU Member States including Finland, Denmark, Romania, Slovakia, Italy, Latvia, and Slovenia. Additional agreements with Export Credit Agencies in France, Germany, and Spain have been approved.
The initiative aims to reduce financial risks thanks to the EIF’s support, encourage EU businesses to increase exports to Ukraine and revitalise trade, strengthen ties with the EU, and contribute to Ukraine’s economic recovery.
We will provide guarantees on transactions that aim to finance purchases by companies based in Ukraine (the importers) whereby the goods and services are provided by SMEs and small mid-caps operating in InvestEU geographies (the exporters). Export credit agencies as main public facilitators of trade are acting as our financial intermediaries under this Pilot.
Mandator
Export Credit Agencies
As at end-September 2025
Key figures
Our partners
Info for financial intermediaries
Becoming a financial intermediary
An applicant may become a financial intermediary under this Pilot provided that:
-
it complies with formal criteria as described in the call for expression of interest;
-
it completes and submits its application within the deadline and in accordance with all provisions outlined in the call;
-
it is selected by the EIF as a potential financial intermediary under InvestEU to implement the InvestEU Export Credit Guarantee Product pursuant to the selection process outlined in the call; and
-
it enters into the relevant (counter-) guarantee agreement with EIF.
Eligibility criteria and application
The dedicated call for expression of interest is addressed to national Export Credit Agencies (ECAs) established and operating in EU Member States, Overseas Countries and Territories (OCTs) or other participating countries (currently Norway and Iceland).
If you are eligible, you can apply by downloading and submitting the relevant application documents published in the spcific product page, to the EIF by the deadline. The EIF selects financial intermediaries on ‘first comes, first assessed’ basis, and according to a standard process involving due diligence and proof of compliance with the relevant terms. The EIF may determine that the deadline will end on an earlier date depending, inter alia, on the availability of the budgetary resources. Please read carefully the call documents and ensure that your application meets the eligibility and other criteria detailed therein.
Application closed
Deadline for applications: 31 May 2025
Applications are now closed for this initiative. Stay tuned for more updates or explore the guarantee features of the Ukraine Export Credit Pilot on the dedicated product page.