U.S.-Ukraine Reconstruction Investment Fund Set for Launch

In a significant step towards bolstering Ukraine's economic recovery, the U.S.-Ukraine Reconstruction Investment Fund has been officially ratified. This development was confirmed by Julie S. Davis, Chargé d’Affaires a.i. at the U.S. Embassy in Ukraine, who handed over a diplomatic note to Ukraine's First Deputy Prime Minister Yuliia Svyrydenko.

This announcement was made public by the Ukrainian Economy Ministry, as reported by an Ukrinform correspondent.

"We have an equal Agreement that reflects Ukraine’s national interests and provides for joint management and investment with the United States. It is a future-oriented agreement, where the United States and Ukraine are equal partners who jointly invest in the restoration and development of our country," stated Svyrydenko.

The U.S. International Development Finance Corporation (DFC) will collaborate with Ukraine's state-owned Public-Private Partnership Agency (PPP) to drive investments aimed at speeding up the country’s economic renewal.

The Fund is designed to serve as a bridge between Ukrainian companies and prospective investors, including the DFC. It is set to operate indefinitely, with periodic evaluations occurring every decade to assess its impact and effectiveness.

Other Topics of Interest

Upgraded Russian Iskander Ballistic Missiles Outfox Patriots, Ukraine Warns

Ukrainian Air Force says new radar-decoy systems in Russian Iskander-M missiles complicate interception by Patriot systems during missile approach.

It's worth noting that prior agreements were signed between the U.S. and Ukraine, which were essential to implement the Fund's establishment. Earlier, Ukraine had already completed its domestic procedures required to launch the Fund.