Agreement between the Government of Ukraine and the Government of the United States of America to Establish the United States-Ukraine Reconstruction Investment Fund inked

Ukraine and the United States have signed an agreement to establish the Reconstruction Investment Fund. The Fund will become a key instrument for attracting investment in the development of the Ukrainian economy and deepening the strategic partnership between Ukraine and the United States.

The deal was inked on 30 April in Washington, DC, by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Scott Bessent, the U.S. Secretary of the Treasury.

The Reconstruction Investment Fund will provide financing for critical projects in the minerals sector and promote innovation, technological development and recovery.

The agreement is beneficial for both countries, as it will allow to attract additional investment, promote innovation and introduce new technologies. The United States is helping to encourage private and public investors - foreign funds, companies, and governments - to join Ukraine's recovery efforts, supporting Ukraine's fight against russian aggression. American companies will have access to new opportunities offered by the joint development of natural resources and Ukraine's recovery.

Key guarantees for Ukraine include:

• Conformity with the Constitution and the EU intergration path. The agreement is consistent with the current legislation and Ukraine's international obligations.
• Full control over resources. All subsoil, territorial waters and resources remain the property of Ukraine. Ukraine alone determines the conditions and sites of exploration.
• Preservation of state ownership. State-owned companies remain in the ownership of Ukraine. The agreement does not affect privatisation processes.
• Streamlined legislative changes. Only limited changes to the Budget Code of Ukraine are required for the Fund to function. The Agreement itself will be subject to ratification by the Verkhovna Rada.