The Cabinet of Ministers proposes that the Verkhovna Rada ratify the agreement between the governments of Ukraine and the United States of America on the establishment of the US-Ukrainian Reconstruction Investment Fund (Minerals Agreement), concluded on April 30, 2025. The corresponding bill No. 0309 was registered in the parliament on May 1, Ukrainian News Agency reports.
The agreement enters into force from the date of a later note in the exchange of notes between the parties stating that each party has completed its internal procedures. The agreement must be ratified by the Verkhovna Rada, and in the US, the agreement must be verified by the government.
First Vice Prime Minister and Minister of Economy Yuliya Svyrydenko will report during the consideration of the bill at the plenary session of the Verkhovna Rada.
Yaroslav Zhelezniak, a member of the Verkhovna Rada from the Holos faction, notes that the MPs have 7 days to consider the document before voting on it. He predicts that the Verkhovna Rada may consider ratification of the agreement on May 13-15, or as early as May 8, if an extraordinary meeting is convened.
As Ukrainian News Agency earlier reported, on the night of May 1 (Ukrainian time), Ukraine and the United States signed an agreement on the creation of the Ukraine Reconstruction Investment Fund to finance projects in the development and extraction of minerals, oil and gas, as well as investments in related infrastructure or processing.
Ukraine will manage the Fund jointly with the United States. The Fund will be replenished from the Ukrainian side at the expense of 50% of the funds from new licenses for projects in the field of critical materials and oil and gas, which will be received by the budget after the establishment of the Fund. The United States, in addition to direct funds to the Fund, may provide it with new assistance.
The agreement does not contain any mention of Ukraine's debt obligations to the United States.
The Fund is supported by the US government through the DFC agency, which will help attract investments and technologies from funds and companies in the US, the EU and other countries. The Fund's income and contributions are not taxed in either the US or Ukraine.
Ukraine expects that for the first 10 years, the Fund's profits and revenues will not be distributed, but can only be invested in Ukraine - in new projects or reconstruction.
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