Ukraine reconstruction

Ukraine’s strategic position as a bridge between Europe and Asia has long made it integral to European trade, energy, and food security. Even before the war, it faced critical infrastructure modernisation needs. Today, the war has transformed those long-standing challenges into immediate imperatives—while also unlocking unprecedented international support and political will to drive meaningful transformation.

What was once a deferred ambition is now a global investment priority. Ukraine’s reconstruction is not simply about replacing what was lost—it is about building the infrastructure of a 21st-century European economy. From energy market convergence and logistics corridor development to digital integration and green transition leadership, the conditions are aligning for Ukraine to emerge as one of the most dynamic infrastructure markets in Europe.

As long-term partners committed to this vision, Amber Infrastructure and Dragon Capital bring complementary strengths: Amber’s long-standing experience in global infrastructure including in the neighbouring Central and Eastern European region, and Dragon Capital’s unmatched expertise and presence in Ukraine’s local investment landscape. Together, we see a rare convergence of factors—scale, strategic value, and reform momentum—that make early engagement essential.

This paper outlines not just why Ukraine matters, but how infrastructure investors can participate in shaping its future. The time to act is not after the war—but now, while frameworks are being shaped, and opportunities defined.

Disclaimer
This document and the information contained herein are the proprietary information of Amber Infrastructure Limited (Amber) and Dragon Capital Advisors Limited (Dragon Capital). It may not be distributed, published, reproduced (in whole or in part) by any medium or in any form, or disclosed or made available by recipients, to any other person or used for any other purpose, without prior written consent from Amber and/or Dragon Capital, as applicable. The information contained in this document is provided for general information only and should not be construed as a solicitation, offer, invitation, inducement or recommendation. Infrastructure is a longer-term investment and is subject to external threats and an ever-changing environment. Any reference to the Three Seas Initiative Investment Fund SICAV-RAIF (3SIIF) is for illustrative purposes only and is not a personal recommendation to invest in, buy or sell any fund, security or investment company nor to adopt any particular investment strategy. Examples of infrastructure assets and case studies used are not recommendations, but are illustrative only to demonstrate the capabilities, skills and experience of Amber and/or Dragon Capital (and their affiliates). Any views and opinions expressed are those of Amber and Dragon Capital. Information, statistics, and data within this communication is subject to change and should not be acted or relied upon by any person without obtaining specific and relevant legal, tax, securities or investment advice. Sources are Amber and Dragon Capital unless otherwise stated.