Ukraine and US recovery fund preparing three new agreements
Oleksii Sobolev (photo: Vitalii Nosach, RBC-Ukraine)
Ukrainian-American recovery fund is working effectively, and approval of three new agreements is expected soon, Economy, Environment, and Agriculture Minister Oleksii Sobolev said.
According to him, the Ministry of Economy is currently preparing projects in logistics, energy, and critical materials.
"We expect at least three more additional agreements this year," Sobolev said.
He noted that the skepticism that existed a year ago regarding the effectiveness of the fund's work did not prove justified.
"There is an open website where projects can be submitted. 280 applications have already been received, 22 projects are at the stage of detailed review, and 7 are being prepared for due diligence (full review by the investor). Non-disclosure agreements have already been signed for 4 of them," the Economy Minister said.
As Sobolev clarified, the fund is currently very active, and significant interest in co-investment is already forming around it.
"It effectively plays the role of catalytic capital and kind of quality mark for the market, since international financial institutions and other investors often view this as a signal of trust and additional project verification," the head of the Economy Ministry said.
American-Ukrainian fund
The American-Ukrainian reconstruction investment fund was created within the framework of a separate agreement between Ukraine and the US.
The fund's starting capital amounts to $150 million. Half of this amount — $75 million — was contributed by the US through the International Development Finance Corporation (DFC), while another $75 million was provided by Ukraine.
The fund has a clear management system. It includes a governing board and four committees: investment, audit, administrative, and project sourcing committee.
International company Alvarez & Marsal became an operational partner and investment adviser of the fund, overseeing the selection and implementation of projects.
On May 1, 2025, Ukraine and the US signed a minerals agreement. It envisions the creation of an investment fund. It will receive 50% of royalties, licensing payments, and other similar payments from natural resource extraction projects in Ukraine.
