Launch and Early Implementation
Prime Minister Yuliia Svyridenko announced that the US-Ukrainian Reconstruction Investment Fund has officially begun operations, with its first pipeline of potential projects now being formed.
The statement followed her meeting with US Treasury Secretary Scott Bessent, where both sides discussed strategic priorities and the fund’s role in Ukraine’s recovery.
According to Svyridenko, several final regulatory and operational decisions remain before the Fund becomes fully functional. However, the first phase already centers on high-impact projects in critical minerals, energy, and infrastructure — sectors considered vital for Ukraine’s economic resilience and integration into Western supply chains.
Strategic Focus and Cooperation
During the meeting, the Prime Minister emphasized that Ukraine’s reconstruction must also strengthen European energy security.
“Russia must lose any leverage over our partners and channels of income to continue the war against Ukraine,” Svyridenko said. “We have clear proposals on how to do this together with international partners.”
The Fund is expected to mobilize joint American and Ukrainian capital for industrial projects that accelerate rebuilding, enhance exports, and attract foreign investors under transparent governance standards.
US Partnership and Energy Independence
Svyridenko expressed gratitude to Secretary Bessent for US readiness to cooperate with G7 countries in tightening restrictions against Russian oil revenues. This collaboration aims to close loopholes that enable continued financing of aggression.
The Fund builds on a broader US-Ukraine cooperation framework in natural resources and industrial development, initially formalized in May 2025, when Ukraine ratified the bilateral Agreement on Subsoil Use and Investment Fund Creation.
Next Steps
The Ministry of Economy will soon finalize the project selection criteria and prepare proposals for international investors.
Parallel to this, an audit of strategic subsoil users is being conducted to identify fields suitable for joint development — including possible buy-back options for the US side under the Fund’s investment mechanisms.
The launch of the US-Ukrainian Reconstruction Investment Fund marks a major milestone in transforming international aid into co-invested, commercially viable reconstruction projects, laying the groundwork for sustainable economic recovery.
