On 23 May 2025, the Agreement on the Establishment of the US-Ukraine Reconstruction Investment Fund, signed on 30 April 2025 and ratified by Ukraine on 08 May 2025, after completion of all necessary internal procedures, entered into force.
Along with the Agreement, the agreement on the establishment of the US-Ukraine Reconstruction Investment Fund, concluded by the Development Finance Corporation (DFC) on the part of the United States and the State Agency on Support Public-Private Partnership on the part of Ukraine, and the agreement between the fund and the general partner for the management of the fund also come into force.
The next steps will be to determine all representatives from the United States and Ukraine (three from each side), agree on investment protocols, and approve the terms for attracting investment advisors from well-known global companies.
The fund is expected to be operationally ready in the second half of summer 2025.
It should be noted that the fund will be able to invest in both mineral extraction projects and related infrastructure projects. At the same time, the owners of new licences will be obliged to offer the fund participation in extraction projects if they do not have the internal resources to do so, and the fund will have priority in purchasing the products they will receive from the development of these deposits.
For more details on the main provisions of the Agreement, please see our previous Legal News dated 06 May 2025.
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