A Ukrainian official said on Wednesday that she had signed an agreement on behalf of the government, which created a reconstruction investment fund in the United States-Ukraine. The agreement aims to create an environment that promotes additional economic growth for the two countries.
“With the United States, we create the fund that will attract global investments to our country,” wrote Yulia Svyrydenko, first Deputy Prime Minister of Ukraine on X.
The agreement has many variables, which Svyrydenko has detailed in a long wire of publications.
All resources in land and sea in what is defined as a Ukrainian territory will remain under Ukrainian control and owner.
Kyiv also reserves the right to determine what and where to extract, stressing that the subsoil remains the property of the State, a term devoted to the agreement.
The fund must be created on a 50-50 basis and will be managed jointly by Ukraine and the United States. None of the two parties must have a majority vote, reflecting a real equal partnership based on mutual gain, cooperation and respect.
The agreement will not impose any change in the classification of legal registrations for companies. Public companies like Ukrnaftta and Energoatom must remain state -owned.
The agreement makes no mention of the Ukrainian financial obligations to the United States.
This occurs after US President Donald Trump has abandoned his insistence for the agreement to reimburse Washington from billions of dollars in aid already delivered since the Russia's invasion on the level of Ukraine in February 2022.
Ukrainian Prime Minister Denys Shmyhal praised the achievement, qualifying him as successful, because Trump had previously demanded the equivalent of $ 500 billion (442 billion euros) of rare land income as a reimbursement.
The implementation of the agreement will allow the two countries to stimulate their economic potential by joint cooperation.
No interference with the integration of the EU
The agreement is in accordance with the constitution of Ukraine and does not change the European integration course. The document complies with national legislation and does not contradict any of Ukraine's international obligations.
kyiv hopes that the agreement will indicate to other countries that Ukraine is a reliable world player and highlights its intention to cooperate with partners and conclude long -term agreements for the decades to come.
50% of funds from new licenses for projects in the field of critical and oil and gas materials, which will be transferred to the budget after the funding.
Revenues from projects already underway or budgetary income is not included in the fund.
ADVERTISEMENTThe agreement also obliges Washington to attract more investment and technology for Kyiv. The fund will be directly supported by the United States government through its International Development Financing Company (DFC).
The DFC will help provide new investments and new business and fund technologies in the United States and the EU, and in other countries that support kyiv's fight against Moscow.
Technology has been highlighted as an important component of the agreement, because Ukraine considers it important to secure not only capital, but also innovation.
The funds generated in the fund is not taxed
Revenues and contributions from the fund will not be imposed in the United States or Ukraine, so that investments give the greatest possible results for both parties.
ADVERTISEMENTThe two countries will also contribute to the fund. Svyrydenko says that, in addition to direct funds, Washington can choose to provide additional support in the form of weapons, such as air defense systems.
Kyiv will also do its share and make the reversal beyond the 50% contained in the income generated by new rents and licenses, if necessary.
The joint fund will then invest capital in mineral and natural resources, as well as other related infrastructure.
Specific investment projects must be decided jointly by Ukraine and the United States. The agreement, however, states that such investments must be concluded exclusively in Ukraine.
ADVERTISEMENTUS Treasury Secretary Scott Bessent said in a video published on X that “this partnership allows the United States to invest alongside Ukraine, to unlock Ukraine growth assets, to mobilize American talents, capital and governance standards that will improve the climate of Ukraine's investment and will accelerate the economic recovery of Ukraine.”
The two countries say that the agreement is designed to be a long -term joint investment, planned to last decades.
