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Reconstruction Fund With US Cleared to Launch on Ukrainian Side, Says Deputy PM

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Lucile Brizard
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Reconstruction Fund With US Cleared to Launch on Ukrainian Side, Says Deputy PM
Ukraine’s Economy Minister and First Deputy Prime Minister Yulia Svyrydenko attends a press conference in Kyiv on May 8, 2025, ahead of a parliamentary session to vote on a landmark minerals deal with the United States. (Source: Getty Images)

Ukraine has completed all necessary procedures to launch the American-Ukrainian Reconstruction Fund, according to Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko.

Svyrydenko confirmed handing over the required note to US Chargé d’Affaires Julie Davis, RBC-Ukraine reported on May 13.

The fund is expected to play a crucial role in the reconstruction of Ukraine’s infrastructure, with contributions from both the US and Ukrainian governments.

In related news, US President Donald Trump has warned that the United States may step away from its role as a mediator unless Ukraine and Russia begin direct peace talks soon.

Trump’s special envoy, Steve Witkoff, stated in a May 12 interview with Breitbart News Network, “The president has issued an ultimatum to both sides that without those direct talks and if they don’t occur quickly, then he believes the United States ought to step back from this conflict.”

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