President Volodymyr Zelenskyy has signed the law ratifying the Agreement between the Government of Ukraine and the Government of the United States of America on the establishment of the US-Ukraine Reconstruction Investment Fund.
This is stated in the document card on the website of the Verkhovna Rada.
On 8 May, the Verkhovna Rada ratified the Agreement on the establishment of the US-Ukraine Reconstruction Investment Fund. 338 MPs voted in favour.
On 10 May, the relevant law was sent to the President, and on 12 May, the Head of State signed the document.
Agreement between Ukraine and the United States
- The idea of granting partners access to Ukraine's mineral resources was expressed in the presidential victory plan, but active work in this direction began after the change of power in the United States. Donald Trump, who has repeatedly stated that the United States should be compensated for the billions of dollars of aid provided to Ukrainians, welcomed this proposal. However, the US initially tried to include in the agreement a $300 billion debt owed by Ukraine, allegedly the amount of money Ukraine had received from the US to fight Russians. Neither Kyiv nor analysts confirmed these figures. In the end, after months of discussions, Washington admitted that the assistance provided was about $100 billion, and the Agreement removed any mention of debt.
- The framework document, which was to be followed by a detailed one, was supposed to be signed in late February during Volodymyr Zelenskyy's visit to the United States. The signing was disrupted by an unfriendly conversation between the presidents in the Oval Office. Nevertheless, Ukraine continued to show its readiness to conclude the agreement. In the end, a framework document was signed in April in an online format, and a full-fledged agreement for 10 years was signed on 30 April. No debt, but no mention of security guarantees.
- The agreement provides for the creation of a joint fund between Ukraine and the United States. The US can contribute both money and military support. During the first ten years, the money from the fund should be reinvested in Ukraine.