Ukraine and the United States have completed all procedures to launch the Reconstruction Fund under the Subsoil Agreement. It is officially launched.
Points of attention
- The Reconstruction Fund under the Subsoil Agreement has been officially launched by Ukraine and the United States, covering 57 minerals.
- Technical agreements will be established to further define the details of cooperation within the framework of the subsoil agreement.
- The agreement aims to protect US investments and financial aid to Ukraine, with the potential to contribute to ending the conflict with Russia.
Ukraine and the United States officially launched the Reconstruction Fund
This was announced by the First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko on May 23.
The final step is a diplomatic note from the United States, which I personally received this morning from Chargé d'Affaires Julie Davis. The fund is officially launched!
Yulia Svyrydenko
First Deputy Prime Minister - Minister of Economy of Ukraine
On behalf of the Government of Ukraine, I signed the Agreement on the Establishment of a United States–Ukraine Reconstruction Investment Fund.
— Yulia Svyrydenko (@Svyrydenko_Y) April 30, 2025
Together with the United States, we are creating the Fund that will attract global investment into our country. pic.twitter.com/8ryyAMqW83
On the night of May 1, Ukraine and the United States signed a strategic agreement on the establishment of a Reconstruction Investment Fund and a partnership in the field of critical minerals, covering 57 minerals. In particular, the document signed in Washington establishes the political parameters of cooperation. At the same time, many details will be spelled out in the next, "technical agreement."
US President Donald Trump said the signing of the subsoil agreement would "protect" US investments and financial aid Washington provides to Kyiv. He said the agreement "may" help end Russia's war against Ukraine. US Secretary of State Marco Rubio also called the agreement "a step towards ending the war."
On May 8, the Verkhovna Rada ratified the subsoil agreement between Ukraine and the United States.
Before that, it became known that the parliamentary committee on international policy voted again for the decision to submit the ratification of the subsoil agreement to the Verkhovna Rada. An amendment was added to the text of the decision, which states that "the people's deputies have not seen the text of the two technical agreements and do not bear responsibility for them."
