Government approves Ukrainian representatives to the Board of Directors of the Reconstruction Investment Fund

The Cabinet of Ministers of Ukraine has adopted a resolution appointing Ukrainian representatives to the Board of Directors of the Reconstruction Investment Fund, established by Ukraine and the United States.

“Today, the Government made an important decision to launch the Reconstruction Investment Fund by appointing Ukraine’s representatives to the Board of Directors. The Board’s first meeting will take place in early September this year, where committee members, project selection principles, and operational procedures will be approved,” said Oleksii Sobolev, Minister of Economy, Environment and Agriculture.

The Board of Directors includes:

• Oleksii Sobolev, Minister of Economy, Environment and Agriculture of Ukraine;
• Yehor Perelyhin, Deputy Minister of Economy, Environment and Agriculture of Ukraine;
• Oleksandr Karasevych, State Secretary of the Ministry of Foreign Affairs of Ukraine.

The Board of Directors consists of six managers – three from each side. The U.S. side will be represented by three managers authorised by the U.S. International Development Finance Corporation (DFC) through DFC Ukraine Subsoil, LLC.

Strategic decisions will be made exclusively by unanimous agreement, ensuring equal partnership.

As a reminder, the Reconstruction Investment Fund (RIF) is a joint initiative of the Ukrainian and U.S. governments, created to attract private investments into strategically important sectors of the Ukrainian economy. The Fund was officially launched on 23 May 2025.