Four years ago, Russia launched a full-scale invasion of Ukraine. On the anniversary of the invasion, the American Chamber of Commerce to the EU (AmCham EU) reiterates its condemnation of Russia’s aggression. It is a breach of international law and an assault on the values we stand for. The Ukrainian people have continued to demonstrate commendable bravery in the face of adversity and a growing humanitarian crisis. 

American companies in Europe remain steadfast in their support for Ukraine’s sovereignty and are committed to the country’s reconstruction and recovery, underpinned by closer integration with the EU. Once peace is secured, the scale of the task ahead will be immense. Recent estimates from the World Bank put the cost of reconstruction and recovery at $588 billion over the next decade, underscoring both the urgency of action and the need to mobilise investment at unprecedented levels.  

In the past year, policymakers on both sides of the Atlantic have launched initiatives to encourage security and future prosperity in Ukraine, not least the Ukraine Support Loan, the US-Ukraine Reconstruction Investment Fund and the Flagship European Fund for the Reconstruction of Ukraine. American businesses stand ready to support the success of these efforts, which can only fully achieve their objectives with long-term security and stability in Ukraine.  

On Tuesday, 17 February, AmCham EU met with Taras Kachka, Deputy Prime Minister of Ukraine for European and Euro-Atlantic Integration and Vsevolod Chentsov, Head of Mission of Ukraine to the European Union. Malte Lohan, CEO, opened the discussion by reaffirming AmCham EU’s continued support for Ukraine’s recovery and EU integration, highlighting the importance of maintaining close transatlantic cooperation during Ukraine’s reconstruction. The exchange focused on aligning recovery efforts with the accession process, strengthening rule of law and investment conditions and ensuring fair access for international companies to EU recovery mechanisms. Participants also discussed the value of structured dialogue with the private sector to support implementation and attract long-term investment, underscoring shared commitment to Ukraine’s resilience and growth. Learn more about the role business can play in Ukraine’s recovery. 

From Wednesday, 9 to Friday, 11 July 2025, AmCham EU participated in the Ukraine Recovery Conference in Rome, engaging in discussions on reconstruction, economic recovery and Ukraine’s path toward EU integration. During meetings with Ukrainian, EU and US stakeholders, the delegation addressed the role of private sector investment and the need for transatlantic cooperation to support Ukraine’s long-term recovery. 

The delegation began with a dinner hosted by AmCham EU with representatives from the US Department of State. We discussed the critical role of US business and heard about the US Government’s approach to Ukraine’s recovery in conversation with Christopher Bergaust, Acting Coordinator, Assistance to Europe, Eurasia and Central Asia, US Department of State. 

Over the remaining two days, the delegation met with Davyd Aloian, Deputy Minister and Anna Gviozdar, Deputy Minister, Ministry of Strategic Industries of Ukraine, Cabinet of Ministers of Ukraine; Lisa Kaestner, Country Manager, Ukraine and Moldova, International Finance Corporation and Marcin Nowacki, Vice-President, Polish Union of Entrepreneurs and Employers, as well as representatives from the Swedish and Danish Ministries of Foreign Affairs. Delegates also had the chance to shake hands with Oleksandr Kamyshin, Strategic Affairs Adviser to President Zelensky 

Ahead of Poland’s hosting of the Conference next year, AmCham EU also engaged with Paweł Kowal, Chair, Council for Cooperation with Ukraine, Republic of Poland. 

On Friday, 12 July, Liam Benham (Boeing), Chair, AmCham EU joined a panel hosted by AmCham Ukraine on military mobility and defence cooperation, alongside Andrius Kubilius, Commissioner for Defence and Space, European Commission and other military leaders from Ukraine and the US. 

Ukraine’s recovery is one of Europe’s most urgent and strategic challenges. The €50 billion Ukraine Facility offers a critical tool to drive recovery and convergence with EU norms if supported by strong governance, fair access for international partners, effective de-risking tools and a clear path to EU integration. Embedding these priorities into a long-term investment strategy will help build a resilient and competitive Ukraine.

Ukraine’s EU accession process presents a strategic opportunity to drive growth, trade and investment across Europe. For transatlantic businesses, integration offers access to a resilient, resource-rich market and strengthened supply chains, with new opportunities in key sectors including digital, agri-food and energy. But realising this potential requires Ukraine to enhance institutional capacity, modernise infrastructure and align more closely with EU regulatory standards. In parallel, the EU must prepare for enlargement while supporting Ukraine’s recovery and trade integration. Inclusive public-private dialogue, regulatory support and rule of law reforms will be essential. With the right framework, Ukraine’s accession can deliver lasting prosperity for Ukraine, the EU and international business partners.

Today marks three years since the beginning of Russia’s full-scale invasion of Ukraine. The American Chamber of Commerce to the EU (AmCham EU) continues to condemn the war as a clear violation of international law and a threat to the fundamental values we stand for. American companies in Europe remain steadfast in their support for Ukraine’s sovereignty, peace and the country’s economic reconstruction and recovery. A recent survey of AmCham EU member companies confirmed their strong commitment to Ukraine’s future, with all respondents expecting their company to play a role in supporting Ukraine and its reconstruction. Long-term security and stability are critical pillars for private investment and the country’s future economic resilience.