US-Ukraine Reconstruction Investment Fund: Far-Reaching Impact and Intact Sovereignty
On May 8, 2025, the Verkhovna Rada of Ukraine ratified an agreement on the creation of a joint investment fund between Ukraine and the United States. This decision was preceded by the approval of the draft agreement by the Cabinet of Ministers of Ukraine and its signing in Washington by US Secretary of the Treasury Scott Besent and First Deputy Prime Minister of Ukraine Yulia Svyrydenko. What real benefits will this bring to both sides?
The Gaze reports on this with reference to the article “How Will the US-Ukraine Reconstruction Investment Fund Function?”
According to an official statement by the Ukrainian government, the Reconstruction Investment Fund will direct funding to critical mineral development projects. In addition, it will support innovation, technological progress, and post-war recovery initiatives in Ukraine. The framework text of the agreement, which is public, will be filled with specific content during the development of the relevant provisions on the functioning of the fund.
This agreement is beneficial for both countries. For Ukraine, it opens the way to attract additional investment, stimulate innovation, and introduce new technologies, which are critical for economic modernization and reconstruction. The United States, for its part, will actively help attract private and public investors to the process of Ukraine's recovery, including foreign funds, companies, and governments that support Ukraine in its fight against Russian aggression. This will also open up new opportunities for American companies in the areas of joint development of natural resources and participation in the reconstruction of Ukraine.
One of the most important aspects of the agreement is clear guarantees of Ukraine's sovereignty. The document complies with the Constitution of Ukraine and confirms the country's commitment to European integration, fully consistent with domestic legislation and international obligations. Importantly, Ukraine retains full control over its subsoil, territorial waters, and natural resources. Only the Ukrainian side will determine where and under what conditions extraction will take place. The agreement also guarantees the preservation of state property, ensuring that all state-owned enterprises remain the property of Ukraine and are not subject to any privatization processes. Only limited changes to the Budget Code of Ukraine are required to implement the fund, and the agreement itself has already been successfully ratified by the Verkhovna Rada.
As The Gaze reported earlier, Ukraine has officially completed all internal procedures required to launch the U.S.-Ukraine Reconstruction Investment Fund, a key mechanism designed to attract American investment for Ukraine’s post-war recovery under US-Ukraine minerals deal.