Ukraine receives €50m from Council of Europe bank and Italy for destroyed housing compensation

What Happened

Ukraine has received €50 million under the Council of Europe Development Bank (CEB) project HOME: Compensation for Destroyed Housing, according to Ukraine's Ministry of Finance. CEB provided €25 million, and another €25 million was contributed with financial support from the Italian government. The funds are to finance housing certificates within Ukraine's state-run eRecovery programme. The framework agreement for the second additional financing of the HOME project was signed on 26 June during the Ukraine Recovery Conference (URC-2026) in Gdańsk; the total volume of the new financing package is €100 million, of which €50 million is being provided by the Italian government through the CEB mechanism. Ukraine previously raised €200 million under earlier stages of HOME, financing over 6,000 housing certificates for people who lost homes due to the war. The article also notes that at the end of September, the international Register of Damage caused by Russian aggression against Ukraine opened all 43 categories envisaged by its mandate for claims submission, completing a phased launch that began in April 2024.

Key Actors

Why It Matters

This funding addresses civilian war damage and supports Ukraine's domestic compensation system, reducing financial pressure on the state budget and providing housing certificates to those displaced or whose homes were destroyed. Italy's contribution via the CEB signals continued European financial engagement in Ukraine's recovery, while the opening of all 43 Register of Damage claim categories marks a step toward documenting losses for potential future reparations from Russia. The eRecovery programme is one channel linking international aid to individual claimants, with the CEB package expanding its capacity.

Watch For

Further tranches under the second additional financing agreement and updated totals of housing certificates distributed via the eRecovery programme. The processing and submission of claims under all 43 categories of the Register of Damage, following the end-September opening, will be a key indicator of how many Ukrainian citizens seek compensation and whether further Council of Europe or Italian funding is added. No specific offensive or diplomatic deadlines are referenced in the article.