Dnipropetrovsk Investment Agency DIA presents an overview of the level of cooperation between Ukraine and Dnipropetrovsk region and other countries amid russia’s unprovoked military aggression against our state. This publication provides information on the support provided by Cyprus and on the level of foreign trade, prepared on the basis of DIABASE data.

Cyprus is a small island state, yet its support for Ukraine has become the largest assistance the Republic has ever provided to another country. This was stated in November 2025 by the Minister of Interior of Cyprus, Constantinos Ioannou. The support covers hosting Ukrainians, humanitarian and medical aid, training of deminers, and, in the first half of 2026, the Presidency of the Council of the EU, during which Ukraine received a key financial decision.

Support for the Ukrainian healthcare system remains another area of humanitarian cooperation. Cyprus has delivered medical supplies, equipment and medicines to Ukraine. Rehabilitation has become a separate area: on 7 January 2026 in Nicosia, Presidents Volodymyr Zelenskyy and Nikos Christodoulides discussed the treatment of children and the rehabilitation of wounded Ukrainian servicemen.

A separate practical contribution of the Republic of Cyprus to supporting Ukraine has been the training of Ukrainian demining specialists. Cyprus, part of whose territory is still mined, shares its own experience. Within the EU Military Assistance Mission in support of Ukraine, it has conducted four full cycles of five-week training for Ukrainian deminers, the most recent in May 2025. The Government of Cyprus covers the cost of the training itself. In addition, through the European Peace Facility, Cyprus is allocating over €3 million for equipment and training of Ukrainian engineering and demining units.

Cyprus’s most significant contribution was its Presidency of the Council of the EU in January–June 2026. It was then that the Member States adopted all legislative decisions on the €90 billion loan to Ukraine for 2026–2027: 30 billion for budgetary needs and 60 billion for the defence industry. The EU raises the funds on capital markets, and Ukraine will repay them only if it receives russian reparations. The final document was adopted on 23 April, and on 25 June Ukraine already received the first tranche of €3.2 billion. During the Cypriot Presidency, the EU also strengthened sanctions against russia, in particular against its shadow fleet.

The visit of the President of Ukraine to Nicosia on 7 January 2026 coincided with the opening of the Cypriot Presidency. Christodoulides emphasised that Cyprus, which still lives with the consequences of occupation, understands better than anyone what Ukraine is fighting for today. The parties discussed European integration, strengthening air defence, drone supplies, Cyprus’s participation in the PURL and SAFE programmes, in the Coalition of the Willing, and in shaping security guarantees. On 27 January, Minister of Foreign Affairs Andrii Sybiha discussed with the Ambassador of Cyprus Michalis Firillas the supply of generators and backup power equipment amid attacks on the energy system.

Cyprus is the largest foreign investor in Dnipropetrovsk region. More than 250 companies with Cypriot capital operate here, having invested $2,990.5 million, which is 52.5% of all foreign direct investment in the oblast and 25.4% of Cypriot investment in Ukraine. The island state’s leadership in the oblast’s investment ranking is explained primarily by the reinvestment into the regional economy of Ukrainian capital previously moved out through foreign jurisdictions. Cyprus’s experience in financial services and shipping may be useful for the post-war recovery of the region. Such a level of economic interaction indicates a high potential for further growth of investment activity and strengthening of the partnership between Cyprus and Dnipropetrovsk region.

Based on the results of 9 months of 2025, the volume of goods exports from Dnipropetrovsk region increased by 88% and amounted to $4.03 million. Goods in demand among Cypriot consumers include agro-industrial products, toys, furniture, machinery and equipment, others.

Export operations were carried out by more than 10 enterprises from Dnipropetrovsk region. The main exporting companies are agro-industrial, processing industry and machine-building enterprises.

TOP-5 exporting enterprises (ranked by export volume):

Imports of goods from Cyprus to Dnipropetrovsk region amounted to $2.86 million and decreased by 3.9% compared to the corresponding period of 2024. Dnipropetrovsk Oblast traditionally purchased pharmaceutical products, miscellaneous food products and essential oil.

Import operations were carried out by 3 importing enterprises.

Source: information for this article was obtained from open online sources.