Ukraine Finalizes Key Steps for U.S.-Backed Reconstruction Fund

2025-05-14 05:54:22

(MENAFN) Ukraine officially informed the United States on Tuesday that it has completed its internal procedures related to a key natural resources deal aimed at establishing a joint investment fund for the nation's reconstruction, a Ukrainian news agency reported.

Ukrainian First Deputy Prime Minister and Economy Minister Yulia Svyrydenko presented the official note to Julie Davis, charge d'affaires a.i. at the U.S. embassy in Kiev.

The bilateral agreement to create the fund, which will receive partial funding from royalties on Ukraine’s mineral resources, gas, and oil, was signed on April 30 in Washington, D.C. by Svyrydenko and U.S. Treasury Secretary Scott Bessent.

Svyrydenko emphasized that the fund would be co-managed and co-financed by both nations, while Ukraine would retain full ownership and control over its energy and mineral assets.

MENAFN14052025000045017169ID1109547343

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.