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EBA asks Ukraine to disclose recovery fund partnership terms

by Roman Cheplyk
Tuesday, May 19, 2026
2 MIN
EBA asks Ukraine to disclose recovery fund partnership terms

Business groups say the US-Ukraine investment fund may affect subsoil licensing competition and investor confidence

The European Business Association has asked Ukrainian authorities to disclose information about commercial partnership agreements under the US-Ukraine Reconstruction Investment Fund. The request was sent to the relevant ministry and the Public-Private Partnership Support Agency.

The fund was created after Ukraine and the United States signed an agreement on April 30, 2025. Later, the US International Development Finance Corporation and Ukraine’s PPP Agency signed a limited partnership agreement and a limited liability company agreement.

Why business wants access

The EBA says the partnership is intended to stimulate investment in critical sectors of Ukraine’s recovery. At the same time, some provisions may introduce special conditions for subsoil licenses, including offtake agreements for extracted products.

For companies working in mining and natural resources, such terms could affect competition, operating conditions and investment attractiveness. That is why the association argues that the agreements are not only administrative documents, but publicly significant information.

Transparency and investment rules

The PPP Agency classified related documents as official-use information. The EBA notes that Ukrainian access-to-information law still requires open parts of information to be provided when only some data are restricted.

The key issue is trust. Ukraine needs large-scale private capital for reconstruction, but investors also need predictable rules. Disclosure of non-sensitive provisions could reduce uncertainty and show how the fund will interact with private business, state assets and the extractive sector.

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