- Category
- Latest news
US and Ukraine Invest $150M Into the Reconstruction Investment Fund for Natural Gas and Critical Minerals
- Authors
![Photo of Dariia Mykhailenko]( "Photo of Dariia Mykhailenko")
The United States and Ukraine are operationalizing a joint investment fund to support projects in natural gas, critical minerals, energy, technology and infrastructure. Minister of Economy, Environment, and Agriculture of Ukraine Oleksii Sobolev announced the new investment during a meeting with journalists on September 17.
The fund will start with $150 million in capital — $75 million each from Washington and Kyiv. By 2028, the total may increase to $200 million. Funding will be provided in tranches under specific projects, ensuring that resources are used directly for investments rather than sitting idle.
According to Sobolev, all technical preparations for the fund’s operation will be completed by the end of this year. In October, a contract with the fund administrator is expected, followed by the opening of bank accounts and the establishment of a subsidiary in Ukraine in November. By the end of that month, investment protocols should be approved, after which a public call will be launched for Ukrainian companies to submit project proposals.
One of the fund’s priority focuses includes natural gas extraction—which offers quicker implementation compared to launching new mines for lithium or hafnium—as well as processing of critical minerals, infrastructure, and energy projects.
Sobolev emphasized that the fund will act as a “beacon” for international investors. When it invests in a project, this opens the way for co-financing from partners such as DFC , IFC , and the EBRD . He noted that the fund is designed as an equal partnership between Ukraine and the US, combining public contributions with private capital to maximize impact.
Last week, a DFC delegation visited several Ukrainian regions—including Kirovohrad region—to assess investment opportunities and meet with local businesses. The first large-scale investments are expected to be made starting in 2026.
“The seed capital commitments into the US-Ukraine Reconstruction Fund are an important milestone as it marks the official start of the Fund’s operational phase. We are happy it is the US International Development Finance Corporation who made this seed capital equity commitment, which the Government of Ukraine is matching. This first significant contribution is a sign of trust and long-term commitment of our partners,” says Yulia Svyrydenko, Prime Minister of Ukraine.
“American investments can be a guarantee of security both for Ukraine and for American business in Ukraine. Together we are stronger,” she concluded.
Earlier, it was reported that Ukraine and the United States plan to launch three investment projects in mineral resource extraction over the next 18 months, under a bilateral agreement on subsoil use.
-6c7b568bf1f65853b7afd9dc1c3ca1fe.jpeg)
