The US and Ukraine have officially established the American-Ukrainian Investment Fund for Reconstruction.

Officially inaugurated on May 23, the fund’s launch followed a series of note exchanges between the two governments, culminating in the signing of two commercial partnership agreements. Economy Minister Yulia Svyrydenko emphasized that these agreements reflect Ukraine’s interests and ensure joint management of the fund, which will finance initiatives in key areas, including natural resource extraction, oil and gas, ports, and infrastructure. Furthermore, the fund will help connect Ukrainian businesses with global investors, such as the DFC.

Meanwhile, the Cabinet of Ministers has revised the list of nationally and locally significant minerals by adding new types such as:

1. natural hydrogen – a promising clean energy source
2. tight gas – a vital resource for the energy sector
3. cesium ores – strategically significant for the electronics and defense industries

These updates are designed to modernize Ukraine’s resource portfolio, enhance energy security, and encourage investment in exploring and extracting new mineral types.

The Times highlighted that the success of the agreement between the US and Ukraine hinges on three critical factors. In addition to the necessity of upfront American investment, the fund’s viability is contingent upon Ukraine surviving the Russian invasion, and companies will only profit if they feel assured that their operations and personnel are safe from Russian missile threats.