Ukrainian Crisis Response


Stay updated on the state of
Ukraine's credit union system

World Council created this page as a resource for the latest news and information about how credit unions in Ukraine are faring in the face of the Russian invasion, and how the worldwide credit union movement is responding to help them. All of the content is provided by World Council, its members, or their affiliated credit unions and financial cooperatives. To share information from your organization on this page, please email us at To make a donation to to Worldwide Foundation for Credit Unions' Ukrainian Credit Union Displacement Fund, click here

Creating Value Chain Finance Options for Ukrainian Credit Unions

World Council's Credit for Agriculture Producers (CAP) Project in May completed the first phase of an initiative to connect credit unions with select value chains, despite a temporary disruption in activities caused by the Russian invasion of Ukraine. 

Experts began individual work with four pilot credit unions on value chain financing in January, conducting research in four oblasts of Ukraine, including:

  • Dnipropetrovsk.
  • Lviv.
  • Cherkasy.
  • Kherson.

With Russia's full-scale war starting in February and the temporary occupation of Kherson following soon afterward, the initiative had to be put on hold until April.

When work slowly resumed, experts were ultimately able to close phase one after: 

  • summarizing research results and sharing recommendations for the introduction of value chain finance with interested credit unions.
  • providing three pilot credit unions with detailed information on the list of potential Ukrainian anchor companies, and proposals for building cooperation with local agribusinesses to tap into new or existing value chains.

In the next phase, pilot credit unions will independently prioritize value chains. With assistance from CAP, they will also hold negotiations with agribusiness representatives for developing tailored loan products and develop a sample multilateral agreement to introduce such loan products.