The US-Ukraine Reconstruction Investment Fund will be operational within a few months.

According to Economy Minister Yulia Svyrydenko: “Our task is to do it as quickly as possible. I think it will take months, not years.” 

According to the WSJ, oil and gas projects are likely first to be implemented in Ukraine under the agreement, as they are easier to execute.

Ukrainian experts also believe that the subsoil agreement will ensure the development of the extractive industry in Ukraine, including oil and gas as well as critical minerals such as graphite.

In addition, according to Deputy Economy Minister Taras Kachka, the Reconstruction Investment Fund could also serve as a tool for encouraging the transfer of new military assistance from the US. According to him, although the fund’s main task is to support projects in subsoil use, but it also has the potential to play a broader role in strengthening the defense partnership.

A similar opinion was expressed by Ukrainian Ambassador to the US Oksana Markarova. She noted that the minerals agreement is an important part of the broader security architecture.