Strategic Pact: Ukraine and U.S. Forge New Reconstruction Investment Fund
Ukraine and the United States are set to establish a Reconstruction Investment Fund under a draft framework agreement. This fund aims to reinvest revenues from Ukrainian resources into Ukrainian projects, ensuring long-term economic prosperity and security. Discussions include further agreements and potential U.S. support for security guarantees.
Ukraine and the U.S. are collaborating on a new Reconstruction Investment Fund, according to a draft agreement reviewed by Reuters. Dated February 25, the document outlines a bilateral framework aimed at reinvesting revenues derived from Ukrainian natural resources.
The proposed fund will collect 50% of revenues from future developments of Ukrainian state-owned resources. While the assets remain undefined, they are expected to encompass minerals, hydrocarbons, and other extractive materials. The fund seeks to attract investment into Ukraine's infrastructure and state-owned projects.
In addition to economic incentives, the U.S. has committed to supporting Ukraine's pursuit of security guarantees to ensure lasting peace. The agreement, which anticipates a signature from U.S. Treasury Secretary Scott Bessent and Ukrainian Foreign Minister Andrii Sybiha, signifies a long-term financial commitment to Ukraine's stability.
ALSO READ
-
Naftogaz Sets Out Cleaner Energy Future With EIB Support and 2050 Net Zero Target
-
KSrelief and UNDP Launch $5M Lifeline for Ukraine’s War-Affected Hospitals
-
Poltava University Reopens With Safer, Greener Spaces for Nearly 3,000 Campus Users
-
Colombia Secures $200M World Bank Boost for Earthquake Recovery and Rebuilding
-
UNDP Urges Recovery From Day One as 160 Million People Risk Being Trapped in Crisis
Google News