U.S.–Ukrainian Reconstruction Investment Fund Officially Begins Operations
The U.S.–Ukrainian Investment Fund for Reconstruction has officially begun operations, marking a new stage in bilateral economic cooperation aimed at rebuilding Ukraine’s economy and critical infrastructure.
The Gaze reports this, referring to a post by Ukraine’s Prime Minister Yuliia Svyrydenko.
She announced the development following a meeting with U.S. Treasury Secretary Scott Bessent, emphasizing that the fund is now operational, with the first list of priority projects already being prepared.
“A few procedural decisions remain for its full-scale launch, but the first pipeline of priority projects is already forming. We are focusing on critical minerals, energy, and infrastructure, as Ukraine continues to demonstrate that it is a reliable partner for ambitious U.S.–Ukrainian investment,” Svyrydenko wrote on X.
According to her, both sides also discussed joint efforts to strengthen Europe’s energy security and sanction policy against Russia.
“Russia must be deprived of every lever of influence over our partners and every remaining source of revenue that sustains its war,” Svyrydenko emphasized. “I appreciate Secretary Bessent’s commitment to working closely with G7 partners to intensify pressure on the aggressor and to block all channels that continue to finance Russia’s war through its oil trade.”
The fund was first agreed upon in April 2025, when Svyrydenko, then serving as Ukraine’s Minister of Economy, and Bessent signed a bilateral agreement to establish the Investment Fund for Reconstruction.
Often referred to in the media as the “mineral deal”, the agreement links reconstruction financing with Ukraine’s mineral extraction sector. Under the terms, Ukraine will contribute revenues from the sale of mining licenses and royalty payments from specific mineral resources, while the U.S. will provide funding, including defense-related support such as weapons deliveries to Ukraine’s Armed Forces.
In September 2025, the U.S. International Development Finance Corporation (DFC) made an initial contribution of $75 million to the fund. Ukraine is set to match this amount, forming a starting capital of $150 million to launch the first investment projects.
As The Gaze previously reported, according to Ukraine’s Minister of Economy, Environment, and Agriculture Oleksiy Sobolev, the US-Ukraine Reconstruction and Investment Fund will reach approximately $200 million by the end of 2026.