Investment Fund of Ukraine and the United States: whom the Cabinet of Ministers delegated to manage billion-dollar projects
1 September 2025 21:54
The Cabinet of Ministers of Ukraine has approved the Government’s membership on the governing board of the new U.S.-Ukraine Recovery Investment Fund. Prime Minister Yulia Svyrydenko wrote about this on her official Telegram channel on Monday, September 1.
The Ukrainian side will be represented by:
- minister of Economy, Ecology and Agriculture Oleksiy Sobolev;
- deputy Minister of Economy, Ecology and Agriculture Yegor Pereligin;
- state Secretary of the Ministry of Foreign Affairs Oleksandr Karasevych.
According to Svyrydenko, all three are experienced managers with expertise in attracting investment, strategic planning and business negotiations, as well as expertise in the subsoil sector.
The first meeting of the fund’s board is scheduled for September 3. It will determine the principles of project selection and operational procedures to ensure effective management of financing for the country’s recovery.
Minister of Economy Oleksiy Sobolev previously explained in a commentary to the media that “the agenda includes the adoption of technical decisions to launch the full operation of the fund.”
Work on the fund continues on a weekly basis. In September, we will hold the first board meeting to announce the first technical steps for the launch. We are now actively preparing for this,” said the head of the relevant ministry.
Sobolev added that Ukraine and the United States have already agreed on initial funding from both sides. Currently, a pipeline is being formed – a list of investment projects in which the fund will be able to invest.
What is the Reconstruction Investment Fund?
The creation of the Investment Fund is the result of the signing of an intergovernmental agreement between Ukraine and the United States on April 30, 2025. It was ratified by Yulia Svyrydenko and U.S. Secretary of the Treasury Scott Bessent.
The Fund is intended to provide financial incentives for Ukraine’s recovery, particularly in strategic sectors such as natural resources, infrastructure, and energy. The agreement provides for equal governance between the parties, as well as the fact that US military aid does not need to be repaid – an important signal of long-term support for Ukraine’s economic stability and sovereignty.
In fact, the fund will become a platform for attracting investment in the post-war reconstruction economy. It is expected that investments in key projects in Ukraine will begin in the next 12 months. In September, a powerful American delegation will come to our country to inspect potential projects and infrastructure for further cooperation.
Read also: Ukraine and the United States discussed the launch of a mineral fund
How the process will work through the prism of economic logic
1. Formation of investment infrastructure. The participation of high-ranking officials in the fund’s governing bodies significantly increases trust and ensures political support. This will allow for the smooth implementation of long-term international investment programs.
2. Attracting finance to strategic sectors. Ukraine’s economy needs high-quality financing in the mining, logistics, and energy sectors. The fund regime involving US capital creates a foundation for multi-transaction support instruments.
3. Promoting economic stability. Through a transparent selection process, independent managers, and clear procedures, the fund can become a catalyst for high-quality public project management.
4. Strengthening bilateral relations. A joint fund is a step toward a strategic partnership between Ukraine and the United States, especially in the face of geopolitical turbulence.
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The Investment Fund is an economic entity focused on sustainability and transparent project implementation. It has the potential to become an important driving force for the country’s recovery, both in the short, medium, and long term.
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