This makes Romania one of ten EU countries participating in the European effort to support trade with Ukraine, alongside Denmark, Finland, France, Germany, Italy, Latvia, Slovakia, Slovenia, and Spain. 

The facility is designed to encourage EU exports to Ukraine, focusing on goods such as machinery, construction materials, advanced technologies, and services crucial for the country's economy and reconstruction amidst the ongoing conflict. 

Under the initiative, national export credit agencies in EU member states offer guarantees to small and medium-sized enterprises (SMEs) and Mid-Caps exporting to Ukraine, with these national guarantees further backed by the EIF. 

The Ukraine Export Credit Guarantee Facility provides a total of €300 million in EIF guarantees for the participating national export credit agencies. Exim Banca Romaneasca, Romania's participant, is set to receive €43.75 million of this total, with projections indicating it will benefit as many as 25 Romanian exporters. Overall, the facility is expected to benefit more than 550 EU exporters. 

“This is a real boost for Ukraine's recovery, a win-win solution for its recovery and functioning of its economy. It enables EU companies to keep trading and investing in Ukraine when it matters most,” said EIB Group President Nadia Calviño.

Traian Halalai, Executive President of Exim Banca Romaneasca, said: “By participating in this European initiative, Exim Banca Romaneasca reaffirms its commitment to supporting Romanian companies that wish to contribute to Ukraine's reconstruction. We strongly believe that the support provided through this financial mechanism will facilitate exporters' access to a challenging yet essential market, while also contributing to the stimulation of regional economic development.” 

The initiative, which began in mid-2024, has already generated significant interest from EU businesses, ensuring demand for the full €300 million in EIF backing.