Washington: The United States and Ukraine have reached an agreement on establishing the joint Reconstruction Investment Fund, which, according to the Ukrainian government, is part of a broader minerals deal between the two countries, the US Treasury Department said.
“On April 30, the United States and Ukraine signed an agreement to establish the United States-Ukraine Reconstruction Investment Fund. In recognition of the significant financial and material support that the people of the United States have provided to the defense of Ukraine since Russia’s full-scale invasion, this economic partnership positions our two countries to work collaboratively and invest together to ensure that our mutual assets, talents, and capabilities can accelerate Ukraine’s economic recovery,” the department said in a statement.
The Treasury and the US International Development Finance Corporation will work with the Ukrainian government to finalize “program governance and advance this important partnership,” the statement added.
“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine,” US Treasury Secretary Scott Bessent noted.
On Wednesday, Ukrainian Prime Minister Denys Shmyhal said that the minerals agreement with the US would be signed in the next 24 hours. According to him, the agreement provides for the creation of an investment fund in Ukraine with a 50/50 distribution of management and contributions between the parties. He noted that the document also envisages investment in the development of Ukraine over 10 years.
