This was reported by First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko on Facebook.
She announced the signing of an agreement with her American counterpart Scott Bessent on the establishment of the U.S.-Ukraine Recovery Investment Fund.
According to the official, the new fund will attract global investments into our country.
Key provisions of the agreement are:
— Ukraine retains full control over its resources. Ukraine decides what and where to extract; the subsoil remains its property.
— The fund is established on a 50/50 basis. Neither party will have a dominant vote; management will operate under equal partnership.
— No changes in the process of privatization or management of state-owned companies — they will remain under Ukraine's ownership.
— No mentions of Ukraine’s debt obligations to the U.S.
— Full compliance with the Constitution of Ukraine and alignment with national legislation and international obligations. The agreement does not alter Ukraine’s course toward European integration.
— The fund will be filled only with revenue from new licenses. Already launched projects or budgeted revenues are not included.
— Only amendments to the Budget Code. The agreement itself must be ratified by the Verkhovna Rada of Ukraine.
— The U.S. will assist Ukraine in attracting new investments and technologies.
— The fund’s income and contributions will not be taxed either in Ukraine or the United States.
— For the first ten years, the fund's profits and revenues will be reinvested in Ukraine — but this condition will be subject to further discussion.