The previously agreed draft agreement between the U.S. and Ukraine provides for the creation of a commercial fund that will belong to the U.S. and be financed by Ukraine.
This is stated in the text of the agreement, current as of the evening of February 21, which is available on the EP website.
The document is to be signed by Ukrainian Foreign Minister Andrii Sybiha and U.S. Secretary of State Marco Rubio.
According to the draft agreement, Ukraine and the U.S. are creating a commercial reconstruction investment fund, in which the U.S. will retain 100% financial participation. Ukraine and the United States will manage it jointly.
It is expected that the Fund will contribute to an increase in foreign direct investment in Ukraine by at least two times for each dollar invested. The goal is to return Ukraine's GDP to the level of the end of 2021.
The Investment Fund will receive 50% of the revenues from Ukrainian mineral and oil and gas resources (mining and processing infrastructure, ports, etc.) for reinvestment in the Ukrainian economy (mining and processing infrastructure, ports, etc.).
In addition, the draft agreement provides for the redirection of revenues from other Ukrainian sources to be determined by the governments of Ukraine and the United States.
Revenues from facilities that were occupied by russia at the time of signing the agreement may exceed 50% in the event of de-occupation.
Contributions of Ukrainian revenues to the fund will continue until the amount agreed upon by the governments is reached. All non-credit financial assistance from the United States that will arrive in Ukraine after the agreement is signed will increase the threshold for contributions from Ukrainian revenues.
According to the text, the United States intends to make a financial commitment to Ukraine to an amount to be determined separately.
The agreement on the fund will not contradict other international obligations of Ukraine, as well as future integration into the EU or other associations.
Ukraine and the United States undertake to immediately begin developing a separate agreement that will determine the details of the future Fund.
The Ministry of Economy will be responsible for preparing the future agreement on the Ukrainian side.
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