It comes after the Ukrainian President Volodymyr Zelensky arrived in Dublin in the Republic of Ireland for an official one-day visit.
Taoiseach (Irish Prime Minister) Micheál Martin made the announcement at a press conference with Zelensky.
Martin said it was an honour to welcome Zelensky and the first lady Olena Zelenska on the first official visit of a Ukrainian president to Ireland.
They left later on Tuesday night where Tánaiste (Irish deputy prime minister) Simon Harris said it had been an "honour to have them both in Ireland".
Martin said Ireland would continue to support Ukraine for as long as was needed.
He said the visit came at a "critical moment" for Ukraine and for Europe and underlined the value he placed in "the friendship between Ukraine and Ireland".
"Our is a relationship built on shared values, freedom, democracy, the right of all states to determine their own future - values the people of Ukraine have sacrificed to defend and protect," he added.
Martin said Ireland was "open to contributing to peacekeeping and peace monitoring in Ukraine".
He said Ireland would also be willing to help in post-war construction in Ukraine.
'We are grateful'
President Zelensky said Ireland was a "neutral country" but not an "indifferent country".
"We are grateful to it.
"You are helping us and we appreciate it... Ireland's interests really matter because it is the influence of a large global community."
He said Ireland and Ukraine had signed a roadmap for a partnership between the countries for at least the next five years.
"We hope that during this period, Ukraine will become a member of the European Union," he said.
He also expressed his gratitude to the Irish government, Irish communities and "every Irish home" that has sheltered Ukrainians.
Earlier, a guard of honour took place as Zelensky visited Government buildings in Dublin, where the Ukrainian and Irish anthems were played.
It is understood Zelensky was also updated on the peace talks by a Ukrainian delegation in Dublin during the visit.
Ukrainian and US negotiators held meetings in Florida in recent days in an effort to revise a peace deal viewed as favouring Russia.
US President Trump's special envoy Steve Witkoff is is meeting Russian President Vladimir Putin in Moscow later.
Zelensky also visited Aras an Uachtarain on Tuesday, where he was greeted by Irish President Catherine Connolly, and signed the visitors book in her study.
"We greatly appreciate Ireland's generosity in providing temporary shelter to displaced Ukrainians," he wrote in the book.
Further funding for Ukraine
Irish ministers signed off on an extra €100m (£88m) in funding for non-lethal military support for Ukraine and a further €25m (£22m) for the country's urgent energy needs.
Martin said on Tuesday that to date Ireland had provided €340m (£299m) in financial support to Ukraine, including more than €173m (£152m) in humanitarian supports, and €166m (£146m) in non-lethal military assistance.
The proposals were brought to the meeting, which took place in Dublin, by Foreign Affairs and Trade Minister Helen McEntee.
McEntee also proposed Ireland's participation in an International Claims Commission for Ukraine.
The commission will be responsible for determining claims for damage, loss or injury caused by Russian internationally wrongful acts committed by the Russian federations against Ukraine, an Irish government source said.Zelensky also addressed both Irish houses of parliament - the Dáil and the Seanad.
Speaking before the address, Ceann Comhairle (Speaker) Verona Murphy said the Good Friday Agreement was "born from decades of pain and division".
"Yet it proved that even the deepest wounds can heal when people choose negotiation over violence.
"That lesson gives us hope for Ukraine," Murphy said.
In his address, Zelensky said:
"Ukrainian and Irish people are among the few in Europe who spent centuries fighting for the right to remain themselves. Ireland has stood firmly and clearly for our independence and for a just end to this war so thank you for your steadfast support for these years of standing with us."The Ukrainian leader was given a standing ovation after the address.
He later attended the inauguration of the Ireland-Ukraine Economic Forum, alongside Harris and McEntee.
More than 120,000 Ukrainian refugees have sought refugee status in Ireland since the outbreak of war in Ukraine in February 2022.
Some have returned and about 80,000 are estimated to be still living in Ireland.
'We pray for children, for soldiers, for all of people'

Tetiana Bilous, who is also a Ukrainian refugee, said:
"We go every Sunday to church to pray and we pray for children, for humans, for soldiers, for all of people and we wish war would end soon. It's very hard for us. All of us are praying for peace in Ukraine. We hope that this terrible war is finally ended."The women are hopeful peace talks currently under way will be successful to end the war:
"The war starting has been very difficult and understanding someone can have aggression against us, we are just people, citizens. We were living a normal life and suddenly everything was interrupted, everything was ended."Ms Bilous said she is very grateful for the support from Ireland.
Mykhaylo Fedynshyn has been living in Ireland for more than 20 years and he also attended Mass. He said he is hopeful peace talks would be successful.
"My relatives still work in Ukraine and I hope they will get back to normal life, as it was before the war. So no missile, no sirens, no explosions. I am hopeful] because Ukrainian people fighting so hard for independence, for freedom, so it has to be ended at some stage. But I believe it will be in Ukrainian favour, we will get the victory over our enemy."









Reader Comments
Shame upon Ireland this is.
I can't see it being used for legitimate purposes.
Now mind ya - I got kin Irish and I got a porter brewing - so what are thee Just the effing Truth please?
Last time I went to Dublin - and I ain't never been there - I got my butt handed to me - so no thanks...I'll just hang out where I reside - at the getaway place.....
But in Dublin I reckon the Irish will prevails......so what you want - if a porter - I got one for you mate.
Happy Holidays to you and kin,
Ken