The meeting on November 4 will address Ukraine’s post-war reconstruction and economic prosperity, with the announced participation of Ukraine, the US, France, Germany, the United Kingdom, NATO and the World Bank. The Commission has not disclosed the names of the delegates and has not announced a new financial package. The jointly estimated need for recovery and reconstruction is approaching $588 billion over a decade.
On Wednesday, November 4, the European Commission will host a meeting in Brussels with representatives of Ukraine, the United States, France, Germany, the United Kingdom, NATO and the World Bank, dedicated to Ukraine’s post-war reconstruction and economic prosperity. The Commission’s chief spokesperson, Paula Pinho, confirmed the meeting on Tuesday, explaining that it follows earlier discussions held in Miami with Ukraine and the US in pursuit of lasting peace.
In brief
1. On November 4, the European Commission is hosting consultations in Brussels on Ukraine’s post-war reconstruction and prosperity, continuing the earlier discussions in Miami.
2. Representatives of Ukraine, the US, France, Germany, the United Kingdom, NATO and the World Bank have been announced. The Commission is participating at senior-official level; the names of the US delegates and Zelenskiy’s presence remain unconfirmed.
3. The joint assessment by Ukraine, the World Bank, the Commission and the UN estimates recovery and reconstruction needs at nearly $588 billion over a decade, based on the situation at the end of 2025. The amount does not represent promised funding.
4. The EU already has the Ukraine Facility, providing up to €50 billion for 2024–2027. Its investment component uses €9.6 billion in guarantees and grants to attract up to €40 billion in investment; these are not new funds announced for the meeting.
5. Witkoff separately announced US–Ukraine–Russia talks in Abu Dhabi on November 10–11. The Brussels meeting has a different format and does not amount to a peace or financial agreement.
The Commission will be represented at senior-official level, corresponding to that of national security advisers, Pinho said at the press briefing. However, the institution has not provided the delegates’ names. Asked who would participate on behalf of the United States, the spokesperson replied that the information could not yet be disclosed.
US envoy Steve Witkoff had previously announced the consultations in Brussels. Pinho confirmed that the European institution is in contact with him and other US representatives, including regarding the announcements and meetings being prepared. For now, these contacts do not constitute confirmation of his personal participation in Wednesday’s meeting.
Regarding a possible visit by Ukrainian President Volodymyr Zelenskiy, Pinho said she had no information about a trip to Brussels this week for meetings with Commission representatives. The statement leaves his participation unconfirmed without announcing the cancellation of a visit.
The focus on reconstruction brings to the fore the financing of infrastructure recovery and the conditions under which Ukraine’s economy could attract investment after the war. The Commission’s announcement concerns the organization of the consultations; it does not include a peace agreement or a new financial package. Russia is not among the participants announced for Brussels.
The World Bank’s participation links the political discussion to the assessment of economic needs. The fifth joint assessment carried out by the Ukrainian government, the World Bank, the European Commission and the UN estimates the cost of recovery and reconstruction over a decade at nearly $588 billion. The report, published in February 2026, is based on the situation as of December 31, 2025, and does not represent an updated tally of all destruction caused since then.
Direct damage is estimated at more than $195 billion. Reconstruction needs are higher because they include rebuilding and modernizing the economy, not merely the value of destroyed assets. Transport would require more than $96 billion, energy nearly $91 billion, and housing nearly $90 billion. These estimates measure needs, not amounts already promised by donors.
The authorities in Kyiv are also pursuing a broader economic program. In January, Prime Minister Yulia Svyrydenko presented the Ukraine Prosperity Plan as a ten-year initiative prepared with the US, the EU and G7 partners, for recovery and sustainable growth. The Ukrainian government estimated the needs associated with this plan at $800 billion, to be mobilized through public capital, grants, loans and private investment. The figure describes the ambition of a development program, not an already established fund, and cannot be added to the joint estimate of $588 billion.
Svyrydenko linked the prospects for prosperity to effective security guarantees and the reforms required for EU accession. These conditions also matter to investors: infrastructure recovery must be accompanied by a legal and economic environment in which projects can operate over the long term.
The European Union already has instruments to support Ukraine’s economy. The Ukraine Facility provides up to €50 billion for the 2024–2027 period, for financial stability, recovery, modernization and reforms. Its investment component, the Ukraine Investment Framework, has €9.6 billion: €7.8 billion for guarantees and €1.8 billion for grants used in blended financing.
The aim of this component is to mobilize up to €40 billion in public and private investment. European guarantees and grants are thus used to attract additional financing; the €40 billion ceiling does not mean that such an amount has already been paid to Ukraine. These mechanisms existed before the Brussels meeting.
Separately, Witkoff announced that the United States would bring together Ukrainian and Russian delegations in Abu Dhabi on November 10–11 for talks on ending the war, post-war security arrangements and reducing tensions. The announcement, reported by Reuters, concerns a different format from the economic consultations hosted by the Commission. In Brussels, preparations for the November 4 meeting have been confirmed; the results and any commitments by the participants are to be communicated after the discussions.
Latest News
17:33
17:20
17:17
17:11
16:56
See more news