Agreement between Ukraine and the United States: The Cabinet of Ministers has made the necessary decisions (video)
26 February 22:01
The Cabinet of Ministers has made a number of decisions necessary to sign an agreement between Ukraine and the United States. This was announced on February 26 by Prime Minister of Ukraine Denys Shmyhal, "Komersant Ukrainian" reports.
According to the Prime Minister, the agreement will have six key points.
First. Ukraine and the United States are establishing a Reconstruction Investment Fund, which will be jointly owned and jointly managed by the governments of both our countries.
Second. Ukrainian subsoil and resources remain Ukrainian, they are not transferred to the United States or anyone else.
Third. Ukraine will contribute 50% of future revenues from its natural resource assets to the Fund.
Fourth. The United States will make contributions to the Fund in the form of funds, financial instruments, and other assets critical to Ukraine’s reconstruction.
Fifth. The money collected by the Fund will be invested exclusively in Ukraine’s reconstruction projects. In fact, it is a Fund for future generations of Ukrainians.
Sixth. The agreement takes into account our obligations within the European integration process. That is, there will be no contradictions or contradictions with our European integration commitments.
Agreement between Ukraine and the United States: what is known
In February 2025, the United States and Ukraine reached a preliminary agreement aimed at jointly developing and managing Ukraine’s mineral resources. The agreement, known as the Bilateral Agreement Establishing Conditions for the Reconstruction Investment Fund, provides for the establishment of a joint investment fund to rebuild Ukraine’s war-ravaged economy. The main objective of the fund is to attract and reinvest revenues from Ukraine’s substantial mineral wealth to contribute to its recovery and long-term stability.
Key provisions of the agreement
Establishment of the Reconstruction Investment Fund. According to the text of the agreement, published by The Kyiv Independent, the fund will be jointly owned and managed by the governments of the United States and Ukraine. The ownership and financial interests of each party will be defined in a subsequent agreement on the fund. The fund will be managed by representatives of both governments, and more detailed terms will be set out in a subsequent agreement.
Ukraine’s contribution. Ukraine commits to allocate 50% of its future revenues from the monetization of its natural resources, including minerals, hydrocarbons, oil, natural gas and other extractive infrastructure, to the Reconstruction Investment Fund. These contributions will continue until the amount reaches USD 500 billion. It is important to note that current sources of revenue that are already included in the general budget of Ukraine are not covered by this agreement.
The role of the United States. The U.S. government is committed to maintaining a long-term financial commitment aimed at developing a stable and economically prosperous Ukraine. This includes investments, financial instruments, and other tangible and intangible assets critical to Ukraine’s recovery. However, the agreement does not include specific security guarantees or continued arms transfers to Ukraine; these issues will be discussed separately.
Background and reaction
President of Ukraine Volodymyr Zelenskyy welcomed US President Donald Trump’s decision to meet with him ahead of a possible meeting with Russian President Vladimir Putin, calling it a “very good signal.” Zelenskiy is expected to visit Washington to officially sign the deal, but there was no official confirmation from Kyiv at the time of publication.
The deal has raised concerns among Ukraine’s European allies, who fear possible concessions to Russia in favor of the United States in peace talks.
