Key Takeaways
- The US and Ukraine have signed a deal to create the Reconstruction Investment Fund, a joint economic partnership aimed at accelerating Ukraine’s economic recovery.
- The Fund will be managed and contributed to equally by the US and Ukraine, with a 50/50 distribution of management and contributions.
- The partnership signals clearly to Russia that the US is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term.
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. The US has provided significant financial and material support to Ukraine since Russia’s full-scale invasion. This economic partnership positions the US and Ukraine to work collaboratively and invest together to 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.
