The Cabinet of Ministers of Ukraine has published the full text of the agreement with the United States signed yesterday. The memorandum of intent to finalise a formal agreement on economic partnership and a reconstruction investment fund was signed by US Treasury Secretary Scott Bessent and Ukrainian Vice Prime Minister Yuliya Svyrydenko.
The document states that the American people want to invest side by side with the Ukrainian people in a free, sovereign and secure Ukraine. The United States and Ukraine also aim for lasting peace in Ukraine and a strong partnership between the two peoples and governments.
The United States and Ukraine recognise the contribution that Ukraine has made to international peace and security by voluntarily giving up the world’s third-largest nuclear weapons arsenal. The two countries also intend to establish an investment fund as part of their economic partnership.
The United States respects Ukraine’s intention to avoid conflicts when developing an agreement with its EU accession obligations or agreements with international financial institutions and other official creditors.
‘The Government of the United States and the Government of Ukraine enter into this Memorandum of Intent to work expeditiously towards the completion of the necessary documents in order to finalize the agreement forging an economic partnership between the American and Ukrainian peoples and establishing a reconstruction investment fund,’ the document says.
Agreement with the US
Yesterday, Ukraine and the United States signed a memorandum of intent to establish a joint investment fund. They will now work on a full-fledged and specific agreement, which will need to be ratified by the Verkhovna Rada.
Initially, Ukraine and the United States were going to sign a framework agreement, on the basis of which a specific document would be developed and approved by the Verkhovna Rada. Washington attempted to include Ukraine’s $300bn ‘debt’ in the document. Recently, it acknowledged that the aid amounted to about $100bn — a figure Kyiv had been quoting.
In March, it became known that the United States had handed over a new draft subsoil agreement to our country. Government representatives received one version of the document — while the President’s Office received another.
Negotiations on new agreements continued. On 1 April, the two countries held the first round of consultations.
Subsequently, the Ukrainian delegation flew to Washington, D.C., where technical teams held talks.
Zelenskyy said that the meeting between the Ukrainian and American teams on the fossil fuel deal was positive — and that new contacts would take place during the week.