Confirmed: Details of initial US-Ukraine Reconstruction Investment Fund agreement

[Emrys]

NOELREPORTS 🇪🇺 🇺🇦
@NOELreports

Ukraine’s Economy Minister Yulia Svyrydenko has confirmed that Ukraine and the US have signed an agreement to create a Reconstruction Investment Fund. The fund will be based on a 50/50 partnership, ensuring full Ukrainian control over resources. The agreement avoids any debt obligations, protects national ownership, and aligns with Ukraine’s EU integration goals. The fund will focus on new investments in critical materials, oil, and gas, and support technological innovation. It also includes tax guarantees and strategic cooperation with the US, boosting Ukraine’s economic recovery and ensuring long-term collaboration.

Yulia Svyrydenko
@Svyrydenko_Y

On behalf of the Government of Ukraine, I signed the Agreement on the Establishment of a United States–Ukraine Reconstruction Investment Fund.

Together with the United States, we are creating the Fund that will attract global investment into our country.



📌Key provisions of the Agreement — in brief:

1. Full ownership and control remain with Ukraine.
All resources on our territory and in territorial waters belong to Ukraine.



It is the Ukrainian state that determines what and where to extract. Subsoil remains under Ukrainian ownership — this is clearly established in the Agreement.

2. Equal partnership.
The Fund is structured on a 50/50 basis. It will be jointly managed by Ukraine and the United States. Neither side will hold a dominant vote — a reflection of equal partnership between our two nations.

3. National assets are protected.
The Agreement does not alter privatization processes or the management of state-owned companies — they will remain Ukrainian. Companies such as Ukrnafta and Energoatom will stay in state ownership.

4. No debt.
The Agreement includes no provisions regarding any Ukrainian debt obligations to the United States. Its implementation allows both countries to expand their economic potential through equal cooperation and investment.

5. The Agreement complies with the Constitution and maintains Ukraine’s European integration course.
It is consistent with national legislation and does not conflict with any of Ukraine’s international obligations.

Importantly, the Agreement sends a signal to global partners that long-term cooperation with Ukraine — over decades — is not only possible but reliable.

6. The Fund will be financed exclusively from NEW licenses.
Specifically, 50% of the revenues from new licenses in the field of critical materials, oil, and gas — generated after the Fund is created — will be directed to it.

Revenues from existing projects or those already accounted for in the budget will not be included. The Agreement also outlines future strategic cooperation.

7. Legislative changes will be limited and targeted.
Only amendments to the Budget Code are required for the Fund to operate. The Agreement itself will be submitted to the Verkhovna Rada for ratification.

8. The United States will help attract additional investment and technology.
The Fund is supported by the U.S. government through the DFC agency.

This will assist us in attracting investments and technologies from U.S., EU, and other international partners that support Ukraine’s fight against the Russian aggressor.

Technology transfer and development are a key part of the Agreement — because Ukraine needs not only capital, but also innovation.

9. The Agreement provides tax guarantees.
Fund revenues and contributions will not be taxed in either the United States or Ukraine, ensuring maximum effectiveness of the investment process.

📌 How will the Fund work?

The United States will contribute to the Fund. In addition to direct financial contributions, it may also provide NEW assistance — for example, air defense systems for Ukraine.

Ukraine will contribute 50% of state budget revenues from NEW rent on NEW licenses for NEW areas. Ukraine may also make additional contributions beyond this baseline if it chooses. This is cooperation designed to last for decades.

The Fund will then invest in extraction projects for critical materials, oil, and gas — as well as in related infrastructure and processing. Specific investment projects will be selected jointly by Ukraine and the US. Importantly, the Fund may invest exclusively in Ukraine.

We expect that for the first 10 years, Fund profits and revenues will not be distributed, but instead reinvested into Ukraine — into new projects or reconstruction. These terms will be subject to further discussion.

We have shaped an agreement that provides mutually beneficial conditions for both countries.

The US affirms its commitment to long-term peace in Ukraine and acknowledges Ukraine’s contribution to global security — including its decision to give up nuclear weapons.

It is an Agreement that reaffirms the United States of America commitment to Ukraine’s security, recovery, and reconstruction.

I thank everyone who contributed to this Agreement and helped make it stronger. It is now a document capable of delivering success for both our countries — Ukraine and the United States of America.

[Leghorn21]

1. Thank you, Emrys!!

Been looking everywhere for the details on this!!

[Emrys]

2. You're welcome, me too.

Twitter does sometimes have its uses ...

[Emrys]

3. As a counterpoint, in so far as polling in a war-torn country can be relied upon:

NOELREPORTS 🇪🇺 🇺🇦
@NOELreports

Trump’s first 100 days back in office haven’t gone down well in Ukraine. Just 7.4% of Ukrainians say they trust him now — a huge drop from nearly 45% last November. Almost 90% say they don’t trust him, frustrated with how he’s handling the war and his reluctance to offer real security guarantees.

https://neweurope.org.ua/en/analytics/100-dniv-trampa-i-90-ukrayintsiv/

[wiggs]

4. And Russia will discontinue the invasion and occupation? nt

[C_U_L8R]

5. Who are the fund managers and how are they paid?

That's where you often find the shenanigans

[NBachers]

6. I don't trust *rump, but I'll trust Yulia Svyrydenko. I still have some crucial questions for the next steps:

1. Will there be a "Can't Join NATO" provision?

2. Will the demands continue to allow Russia to chop parts of Ukraine and keep Crimea?

[muriel_volestrangler]

7. This agreement is basically economic, rather than political or military

So it does mention the European Union (which has a big economic component), and admittedly does mention future air missile defenses as "new assistance", but isn't about the military situation. The hope is that Trump is being persuaded that he can't trust Putin, and so Trump won't be taking his side in ceasefire negotiations.