-924c3c302c27387e19f6c44aaeb98745.png "Photo of Maryna Kulakova")
Ukraine and the United States have completed all necessary procedures to launch the Reconstruction Fund established under their subsoil agreement, officially putting the fund into operation.
The announcement was made on May 23 by First Deputy Prime Minister and Economy Minister Yuliia Svyrydenko via her social media account on X.
Today, Ukraine and the United States have finalized all procedures for the launch of the US–Ukraine Reconstruction Fund.
— Yulia Svyrydenko (@Svyrydenko_Y) May 23, 2025
The final step—a diplomatic note from the United States–which i received personally this morning from US Chargé d’Affaires Julie S. Davis.
❗️The Fund is now… pic.twitter.com/jE4x1T4erG
“The final step—a diplomatic note from the United States–which i received personally this morning from US Chargé d’Affaires Julie S. Davis,” she wrote.
The fund was established following a bilateral agreement signed on April 30, creating a joint Ukraine-US Reconstruction Investment Fund with a 50/50 participation structure.
The fund consists of 12 articles and a list of critical materials, with a focus on financial provisions. Ukraine will be represented in the fund by the Public-Private Partnership Support Agency, which operates under the Ministry of Economy. On the US side, the participant will be the US International Development Finance Corporation (DFC).
On April 30, the United States and Ukraine finalized a minerals agreement, marking a new phase in their bilateral relations.
The deal, signed in Washington, includes the creation of a joint investment fund focused on Ukraine’s vast mineral reserves, oil and gas development, and infrastructure rebuilding.
