The U.S. International Development Finance Corporation (DFC) and Ukraine's Public-Private Partnership Agency on Tuesday signed an agreement to formally launch the United States-Ukraine Reconstruction Investment Fund.

The fund aims to support Ukraine's reconstruction efforts, particularly in the critical minerals, oil, and gas sectors. Under the agreement, Ukraine will contribute 50% of revenues from new and dormant licenses and royalties. The fund's operations are expected to commence within 40 to 60 days, with contributions potentially reinvested into projects to develop mineral deposits and related infrastructure.

The agreement, financial in nature, includes 12 provisions covering critical minerals, oil, and gas. Contributions to the fund may be reinvested into Ukrainian projects focused on developing mineral resources and related infrastructure. According to the intergovernmental terms, any new license holders who lack their own development resources must invite the fund to participate in extraction activities and offer a share of the output generated from those projects.