The USA and Ukraine made their first contributions to the American-Ukrainian Investment Recovery Fund. According to Ukrainian Prime Minister Yulia Svyrydenko, the USA invested 75 million dollars, while Ukraine added another 75 million dollars, forming a total starting capital for the fund of 150 million dollars.
According to Svyrydenko, the work of the Fund has begun, and thanks to these contributions, the first projects in energy, infrastructure, and critical minerals are planned to be completed by the end of 2026.
'Importantly, the Fund is built on the principle of equality. Ukraine bears the same financial responsibility as the USA. This reflects our responsibility and desire to develop a joint recovery tool and long-term cooperation.'said the Prime Minister.
Principles of the Fund's Operation
According to Prime Minister Denys Shmyhal, the agreement stipulates adherence to five key principles:
- The Fund has a 50/50 structure, where both parties have equal voting rights.
- Ukraine retains control over subsoil, infrastructure, and natural resources.
- Investments instead of debts: the agreement does not provide for debt obligations.
- The Fund will invest in projects and will ensure commercial procurement under 'take or pay' conditions.
- The agreement will not hinder Ukraine's acquisition of EU membership.
Ukraine and the USA each contributed 75 million dollars to the recovery investment fund, forming a total starting capital of 150 million dollars. This will allow the fund to begin operations and implement the first projects in the coming years. The agreement between the two countries stipulates adherence to several key principles that will ensure effective and equal cooperation for the recovery of Ukraine's economy and infrastructure.