Key Takeaways
- The Ukraine US deal establishes a joint investment fund for Ukraine’s reconstruction, partially financed by new royalties on Ukraine’s mineral resources, gas and oil.
- Ukraine’s First Deputy Prime Minister and Economy Minister Yulia Svyrydenko handed over the note to Julie Davis, charge d’affaires a.i. at the U.S. embassy in Kiev, confirming the completion of the deal.
- Both countries will co-manage and co-finance the fund, while Ukraine would maintain ownership and complete control over its mineral and energy resources.
Ukraine delivered an official note to the United States confirming the completion of its internal procedures for a bilateral natural resources deal. The deal would establish a joint investment fund for Ukraine’s reconstruction, partially financed by new royalties on Ukraine’s mineral resources, gas and oil.
Ukrainian First Deputy Prime Minister and Economy Minister Yulia Svyrydenko handed over the note to Julie Davis, charge d’affaires a.i. at the U.S. embassy in Kiev.
The agreement to establish the fund, which will be partially financed by new royalties on Ukraine’s mineral resources, gas and oil, was signed on April 30 in Washington, D.C. by Svyrydenko and U.S. Treasury Secretary Scott Bessent.
According to Svyrydenko, both countries will co-manage and co-finance the fund, while Ukraine would maintain ownership and complete control over its mineral and energy resources.
