April 30, 2025. Ukraine and the United States have signed an Economic Partnership Agreement to establish the Reconstruction Investment Fund — an essential new instrument for mobilizing investment into Ukraine’s economic development and advancing the Ukraine-U.S. strategic partnership.
The Agreement was signed in Washington on April 30 by First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine Yuliia Svyrydenko and U.S. Treasury Secretary Scott Bessent.
The Reconstruction Investment Fund will enable financing for critical projects in the development of natural resources, while also fostering innovation, technological development, and recovery.
The Agreement will benefit both nations. The United States will assist Ukraine in engaging both private and public investors in Ukraine’s recovery — including international funds, companies, and the governments that have consistently supported Ukraine during the full-scale war. The U.S. and American companies will hey access to vast new opportunities in the joint development of Ukraine’s natural resources and massive recovery process.
“This decision marks a new era in our cooperation with the United States. We are gaining not only investment, but also a strategic partner committed to working with us to drive economic growth and innovation,” said Yuliia Svyrydenko.“This Agreement is the outcome of extensive negotiations, and I am grateful to both negotiating teams for their professionalism and dedication. Together, we have developed a mutually beneficial framework. It also reflects the U.S. commitment to lasting peace in Ukraine and recognition of Ukraine’s contribution to global security.”
Key Guarantees for Ukraine:
- Alignment with the Constitution of Ukraine and EU accession path. The Agreement fully complies with Ukrainian legislation and international obligations.
- Full control over national resources. Ukraine retains exclusive ownership of all subsoil, territorial waters, and natural resources. Only Ukraine determines the conditions and locations for resource development.
- Preservation of state ownership. Ukrainian state-owned enterprises remain state property. The Agreement does not affect privatization processes.
- Optimal legislative adjustments. The Fund’s operation requires only limited amendments to the Budget Code of Ukraine. The Agreement itself will be subject to ratification by the Ukrainian Parliament.
How the Fund Will Operate:
- The United States will contribute to the Fund either through direct financial input or through new military assistance. The Agreement focuses on further, not past U.S. military assistance.
- Ukraine will contribute 50% of future revenues from new royalties (i.e., newly issued licenses for critical minerals, oil, and gas exploration). Existing projects or budgeted revenues are excluded.
- The Fund’s resources will be invested exclusively in Ukraine — either in extraction projects or infrastructure reconstruction.
- For the first 10 years, profits will be fully reinvested in Ukraine’s economy. After that period, profits may be distributed between the partners.
- Joint governance. The Fund will be managed on a parity basis, with Ukraine and the U.S. holding equal decision-making power.
- The U.S. will support additional investment and technology transfers into Ukraine. The Fund is backed by the U.S. government through the Development Finance Corporation (DFC), which will facilitate the attraction of capital and technologies from investors in the U.S., the EU, and other allied countries.
- Technology transfer is one of the key elements of the Agreement, ensuring Ukraine not only receives investment but also access to innovation.
- Tax exemptions. Fund contributions and income will be exempt from taxation in both Ukraine and the United States.
Source: https://me.gov.ua/
