On 26 February, the Cabinet of Ministers approved the decisions necessary to sign an agreement between Ukraine and the United States to establish the Reconstruction Investment Fund.
This was announced by Prime Minister Denys Shmyhal.
He outlined six key provisions of the agreement:
- Ukraine and the United States will create a Reconstruction Investment Fund, which will be jointly owned and managed by the governments of both countries.
- Ukrainian subsoil and resources will remain Ukrainian and will not be transferred to the United States or any other party.
- Ukraine will contribute 50% of future revenues from its natural resource assets to the Fund.
- The United States will contribute to the Fund in the form of financial resources, instruments, and other assets critical to Ukraine’s reconstruction.
- The money collected by the Fund will be invested exclusively in projects to rebuild Ukraine. In essence, it is a fund for future generations of Ukrainians.
- The agreement aligns with Ukraine’s commitments within the European integration process, ensuring no contradictions with European integration obligations.
On 28 February, President Volodymyr Zelenskyy will travel to the United States to sign the agreement. At a press conference, he stated that the agreement no longer includes references to Ukraine’s debt.