Verkhovna Rada ratified the Agreement on the Establishment of the U.S.-Ukraine Reconstruction Investment Fund

The Verkhovna Rada of Ukraine has ratified an Agreement between the Government of Ukraine and the Government of the United States of America on the Establishment of the U.S.-Ukraine Reconstruction Investment Fund. The relevant decision was supported by 338 MPs at a session on 8 May.

"This document is not just a legal structure - it is a new model of our interaction with a key strategic partner. President Volodymyr Zelenskyy set the objectives for this agreement - absolute equality of the parties and respect for the national interests of Ukraine, joint administration with the U.S., investment in Ukraine and the agreement's focus on future development. This is exactly what we have provided. There are no provisions on debt in the agreement, and there is a commitment to invest in Ukraine, as a free and sovereign country," said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.

Ukraine and the United States signed an agreement to establish the Reconstruction Investment Fund on 30 April 2025.

Key guarantees for Ukraine:

- Compliance with the Constitution and the EU eurointegration course. The agreement is consistent with current legislation and Ukraine's international commitments.

- Control over resources. Subsoil, territorial waters and resources remain the property of Ukraine. Ukraine alone determines the conditions and places of extraction.

- Preservation of state ownership. State-owned companies remain in the possession of Ukraine. The agreement does not affect privatisation processes.

- Optimal legislative changes. Only limited changes to the Budget Code of Ukraine are required for the Fund to operate.

How the Fund will work:

- Future U.S. military assistance will increase the U.S. capital contribution to the Fund, providing an incentive for the United States to continue military assistance to Ukraine.

- Ukraine contributes 50% of future revenues from new royalties on new licences for new areas to the Fund. Revenues from existing projects or budgeted revenues are not included in the Fund.

- The Fund's resources are invested exclusively in Ukraine - in production projects or infrastructure rehabilitation.

- For the first 10 years, the profits are not distributed but are fully reinvested in the Ukrainian economy. After that, they can be distributed among the partners.

- The Fund is managed on a parity basis between Ukraine and the United States.

- The U.S. will help attract additional investment and technology to the Ukrainian economy. The Fund is funded by the U.S. Government through the U.S. Agency for International Development (DFC), which will help attract investment and technology from funds and companies in the U.S., the EU and other countries that support Ukraine's fight against the enemy.

- The agreement provides tax guarantees. The Fund's income and contributions are not taxed both in the U.S. and in Ukraine.

The adoption of the Law will allow to fulfil the domestic procedures necessary for the Agreement to enter into force and will be an important step in supporting the national economy in wartime and during the post-war reconstruction period.