The Ukrainian-American recovery fund is preparing three additional agreements this year, according to Economy Minister Oleksii Sobolev. He said the fund has moved beyond early skepticism and is now building a visible project pipeline.
The ministry is preparing projects in logistics, energy and critical materials. These are sectors where Ukraine needs investment not only for reconstruction, but also for long-term industrial capacity and integration with partner markets.
Pipeline and due diligence
The fund has an open website for project submissions. According to Sobolev, 280 applications have already been received, 22 projects are under detailed review, 7 are being prepared for due diligence, and 4 have signed non-disclosure agreements.
That sequence matters because reconstruction finance depends on trust. Moving from applications to due diligence means projects are no longer only political declarations. They are entering the stage where investors test assumptions, legal structure, assets, risks and expected returns.
Fund as a market signal
Sobolev described the fund as catalytic capital and a market quality signal. International financial institutions and private investors can treat participation by the fund as an additional layer of screening and confidence.
The fund was created under a separate Ukraine-US agreement. Its initial capital is 150 million dollars, split equally between the United States through DFC and Ukraine. Governance includes a steering board and committees for investment, audit, administration and project search, with Alvarez and Marsal acting as operating partner and investment adviser.
If the next three agreements are approved, the fund will become more than a symbolic reconstruction instrument. It can become a practical gateway for projects where public capital helps attract larger co-investment into Ukraine.
