Ukraine and U.S. Collaborate on Launching Mineral Resources Fund by Year-End
Ukraine and the United States are accelerating efforts to establish a mineral resources investment fund, with the goal of making it operational by the end of this year.
The Gaze reports on this with reference to Reuters.
Ukrainian First Deputy Prime Minister, Yulia Svyrydenko, confirmed in Washington that the fund’s inaugural board meeting will take place in July.
The agreement, designed to unlock Ukraine’s significant mineral potential, was secured after intensive negotiations and was signed by Svyrydenko in Washington this past April. It was subsequently ratified by Ukraine’s parliament in May.
This deal, heavily promoted by U.S. President Donald Trump, aims to advance Ukraine's economic development while strengthening bilateral ties with the U.S.
On her visit to Washington, Svyrydenko held key meetings with U.S. Treasury Secretary Scott Bessent and representatives from the U.S. Development Finance Corporation, which will partner with Ukraine in the fund’s creation. Following these discussions, Svyrydenko outlined specific plans for making the fund operational by the end of this year.
“We are taking very concrete steps to ensure the fund is up and running in 2025,” Svyrydenko remarked to reporters. “The first board meeting in July will focus on determining the fund’s initial capital and the long-term investment strategy that will guide its operations for the coming years.”
The fund’s creation is a critical part of Ukraine's strategy to rebuild its economy and leverage its vast natural resources to accelerate recovery after years of war.
The July meeting will be pivotal in determining how the fund will be structured, what capital will be initially invested, and how the partnership with U.S. financial institutions will unfold.
The long-term vision includes a multi-year investment strategy to ensure the fund’s sustainability and its role in Ukraine’s economic growth and mineral sector development.
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