President Volodymyr Zelenskyy has signed the ratification of the agreement between the governments of Ukraine and the United States of America on the establishment of the US-Ukraine Reconstruction Investment Fund (minerals agreement), concluded on April 30, 2025.
The press service of the Verkhovna Rada has announced this, the Ukrainian News agency reports.
"President of Ukraine Volodymyr Zelenskyy signed the Law on Ratification of the Agreement between the Government of Ukraine and the Government of the United States on the Establishment of the US-Ukraine Reconstruction Investment Fund," the post says.
The agreement enters into force on the date of a later note in the exchange of notes between the parties that each party has completed its internal procedures.
Ratification of this agreement does not imply ratification or automatic approval by the parliament of the limited partnership agreement or any other agreements that will be concluded in the future.
The ratified agreement aims to strengthen the strategic partnership between the parties for the long-term reconstruction and modernization of Ukraine in response to a full-scale russian invasion.
The agreement also provides for the creation of the US-Ukrainian Reconstruction Investment Fund as a key mechanism for promoting transparent, accountable, and forward-looking investments.
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.
In addition to direct funds to the Fund, the United States can 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 United States, the EU, and other countries.
The Fund's income and contributions are not taxed in either the United States or Ukraine.
Ukraine expects that in 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.
The Agreement between the governments of Ukraine and the United States on Economic Partnership and the Establishment of an Investment Fund for the Reconstruction of Ukraine (Minerals Agreement) covers the entire territory of Ukraine, defined by the 1991 borders.
As the Ukrainian News agency earlier reported, on May 8, the Rada ratified the Agreement between the governments of Ukraine and the United States of America on the Establishment of the US-Ukraine Reconstruction Investment Fund (minerals agreement), concluded on April 30, 2025.
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