Ukraine and US Reach Agreement on Investment Fund for Reconstruction

Ukraine and US Reach Agreement on Investment Fund for Reconstruction

Ukrainian Prime Minister Denys Shmyhal has announced that Ukraine and the United States have reached an agreement on the establishment of an Investment Fund for the Reconstruction of Ukraine. This agreement is a significant step forward in securing the financial resources needed to rebuild the country after the ongoing war with Russia.

Joint ownership and management: The fund will be jointly owned and managed by the governments of Ukraine and the United States. This ensures that both countries have a say in how the funds are used.

Ukraine's subsoil and resources will remain under Ukrainian ownership. The agreement does not involve any transfer of ownership to the United States or any other entity.

Ukraine will contribute 50% of its future revenues from natural resource assets to the fund. This demonstrates Ukraine's commitment to the reconstruction effort.

The United States will contribute to the fund in the form of funds, financial instruments, and other assets. This support from the US is crucial for ensuring the fund's success.

The funds collected by the fund will be invested exclusively in projects to rebuild Ukraine. This ensures that the funds are used for their intended purpose.

The agreement recognizes that the fund is an investment in the future of Ukraine and its people.

The agreement is still preliminary and requires further development. However, it represents a major step forward in securing the financial resources needed to rebuild Ukraine. The next step is for Presidents Zelensky and Trump to agree on security guarantees, which will be tied to the agreement. Once this is done, the agreement can be finalized and the fund can begin to operate.

The agreement has been met with mixed reactions. Some have expressed concerns about the level of US involvement in the fund, while others have welcomed the agreement as a necessary step towards rebuilding Ukraine. Ultimately, the success of the agreement will depend on the ability of Ukraine and the United States to work together effectively.