The United States and Ukraine signed an agreement to establish the United States-Ukraine Reconstruction Investment Fund.

The United States and Ukraine have entered into a mineral agreement under which a share of Ukraine’s mineral extraction revenues will be directed to the U.S.-Ukraine Reconstruction Investment Fund. The Fund is designed to back Ukraine’s long-term rebuilding and modernization, with operations slated to commence by late 2025. At its first meeting, the Fund’s Governing Board adopted operating procedures, set up committees, and approved the opening of official bank accounts.

Acknowledging the substantial financial and material assistance the United States has provided to Ukraine’s defense since Russia’s full-scale invasion, this economic partnership enables both nations to collaborate and co-invest in accelerating Ukraine’s economic recovery by leveraging shared resources, expertise, and capabilities. The U.S. Treasury Department and the International Development Finance Corporation (DFC) will coordinate with the Government of Ukraine to finalize governance arrangements and move the partnership forward.