The Cabinet of Ministers has submitted for ratification to the Verkhovna Rada the Agreement with the United States to Establish the Reconstruction Investment Fund and expects a quick decision. This was announced by Prime Minister of Ukraine Denys Shmyhal during the Questions Time with the Government.

He informed the MPs about the main provisions of the agreement. According to Denys Shmyhal, the Reconstruction Investment Fund will be managed by Ukraine and the United States on equal terms and all decisions will be made jointly.

"The Fund is a tool for investing in Ukraine, not a mechanism for transferring assets. All Ukrainian natural resources remain the property of Ukraine. The Fund will be filled by the United States and Ukraine in a 50-50 ratio. The U.S. will make cash contributions or provide new military assistance," the Prime Minister stressed.

The Head of Government also added that in the first 10 years, profits would not be withdrawn from Ukraine, but reinvested in our country. The newly created institution will guarantee commercial purchases of products on a take-or-pay basis. In addition, the Fund, through the U.S. agency DFC, will attract American and European state-of-the-art technologies, which will in turn accelerate Ukraine's recovery and modernisation.

"The Agreement does not mention any debt obligations of Ukraine. The Fund's income is taxed neither by the United States nor by Ukraine. Critical minerals exported to the United States are not subject to customs duties, which in the current circumstances provides unique opportunities for trade development," Denys Shmyhal said and stressed that the document was consistent with Ukraine's other international obligations.

The Prime Minister noted the importance and scale of the Agreement signed by Ukraine and the United States and stressed that additional technical measures were required for its implementation, as the Fund was founded for decades, and its creation was a long-term process that required analysis and consistent decisions.

"The Agreement is fully compliant with the Constitution of Ukraine and does not contradict national legislation. These are mutually beneficial arrangements that create positive dynamics of our reconstruction and our development for decades," Denys Shmyhal stressed and added that it would form the basis for new relations with the United States.

"I am grateful to President of Ukraine Volodymyr Zelenskyy and President of the United States Donald Trump for their leadership and resolve, which allowed us to constructively conclude the negotiations and sign this landmark agreement," the Prime Minister underscored.