Minerals deal: Ukraine and US sign key agreements
Photo: Julie Davis, Chargé d'Affaires of the United States to Ukraine, and Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine (facebook.com/yulia.svyrydenko)
Ukraine and the United States have signed agreements to establish and operate a joint Reconstruction Investment Fund, as outlined in the recently signed minerals deal, according to Ukraine’s Ministry of Economy.
The documents were signed on May 13 between the State Agency for Public-Private Partnership Support and the US International Development Finance Corporation (DFC).
Following the exchange of diplomatic notes, the fund could become operational as early as May 23.
First Deputy Prime Minister and Economy Minister Yuliia Svyrydenko said that Ukraine has completed all necessary procedures for launching the Reconstruction Investment Fund.
"Today, I handed over the diplomatic note to US Chargé d'Affaires in Ukraine, Julie Davis," she added.
Svyrydenko emphasized that the minerals deal with the US is an equal and forward-looking partnership. It is based on respect for Ukraine’s national interests and envisions joint governance and investment with the United States.
Importantly, the agreement does not involve any debt obligations and includes a commitment to invest exclusively in Ukraine.
Minerals deal
On May 1, it became known that Ukraine and the United States signed an economic cooperation agreement (the minerals deal). It happened in Washington, DC.
It has already been ratified by the Verkhovna Rada (Ukrainian Parliament - ed.) on May 8. The relevant law was also signed by President Volodymyr Zelenskyy.
For the minerals deal to enter into force, Ukraine and the United States had to sign two more technical agreements. This is exactly what happened today.
