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Ukraine and US to Launch Critical Minerals Investment Fund by Year-End

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Photo of Dariia Mykhailenko
Dariia Mykhailenko
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Ukraine and US to Launch Critical Minerals Investment Fund by Year-End
Ukraine’s First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko met with US Treasury representative Scott Bessent in Washington, USA on June 5, 2025. (Source: Yuliia Svyrydenko/X)

The investment fund envisioned under the Ukraine–US critical minerals agreement could begin operations by the end of 2025.

This was reported by Reuters, citing Ukraine’s First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko on June 4.

Following meetings in Washington, Svyrydenko confirmed that Ukraine held talks with US Treasury Secretary Scott Bessent and the US International Development Finance Corporation, which is set to serve as the fund’s key partner.

During the meeting, the parties “discussed very specific steps on how to make the fund operational this year.”

“So, we plan to hold the first board meeting of this fund in July, where we will discuss the initial capital needed to launch its operations,” she added.

At that upcoming session, parties will also approve an investment strategy for the next years.

Earlier, the United States and Ukraine have finalized a bilateral agreement outlining a framework for future investments and development licenses in critical minerals, rather than immediate extraction.

The agreement forms part of Ukraine’s broader reconstruction and economic security strategy, aiming to prevent adversarial states from gaining access to the country’s post-war recovery resources.

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