Ukraine and the United States complete the necessary procedures for the establishment of the US-Ukraine Investment Fund

Today, on 23 May, First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko received a diplomatic note from Julie S. Davis, Chargé d'Affaires a.i. at the United States of America Embassy in Ukraine. Earlier, the Ukrainian Government handed over its note, and the U.S. International Development Finance Corporation (DFC) and the state-owned Public-Private Partnership Agency (PPP) signed two commercial partnership agreements. As a result, the US-Ukraine Investment Fund was launched on 23 May.

"We are taking another step to strengthen and deepen our relationship with our strategic partner. I am grateful to everyone who helped us reach this Agreement. The negotiating team managed to fulfil the task set by President Volodymyr Zelenskyy. We have an equal Agreement that reflects Ukraine's national interests and provides for joint management and investment with the United States. It is a future-oriented agreement in which the United States and Ukraine are equal partners who jointly invest in the restoration and development of our country," said Yuliia Svyrydenko.

DFC and the PPP Agency will cooperate and invest in accelerating Ukraine's economic recovery. The Fund will invest the funding contributed by the United States and Ukraine in natural resources, oil and gas, ports, and related infrastructure projects in Ukraine.

In addition, the Fund will facilitate connections between Ukrainian companies and potential resource investors, including DFC. The Fund will operate without a time limit, but every 10 years, the partners will review its results.