At least three investment agreements: The U.S.-Ukraine Reconstruction Investment Fund outlined its priorities
9 April 17:40
The U.S.-Ukraine Reconstruction Investment Fund (URIF) has set a goal of signing at least three investment agreements by 2026, according to a statement from the Ministry of Economy, Environment, and Agriculture citing Deputy Minister Yegor Perelygin, reports "Komersant Ukrainian".
According to a statement on the ministry’s website, the deputy minister spoke about this during a meeting with the American Chamber of Commerce in Ukraine (AmCham). He also noted that the priority sectors for funding are critical minerals, energy, ICT, transportation, logistics, and cutting-edge technologies.
“URIF’s first investment—Sine Engineering—is a pure dual-use project. This is our answer to the question of priorities, because our priority is, above all, a high-quality project,” the statement quotes the deputy minister as saying.
He also added that when selecting this project, the fund’s board considered the following key criteria: the product’s technological maturity, confirmed demand from end consumers, the team’s ability to scale, and the financial model’s capacity to withstand significant periods of volatility.
Perelygin noted that the fund’s investment advisor is Alvarez & Marsal, which conducts technical and financial due diligence. Final decisions on funding are made by the joint management board.
“The company provides recommendations but does not participate in voting—final decisions are made by the joint board.”
As reported, on March 25, 2026, the URIF Management Board approved the first investment in the Ukrainian technology company Sine Engineering, which operates in the field of communications and navigation. According to First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko, Sine Engineering’s components are used by over 150 UAV manufacturers. As of the end of March, the fund had received over 200 applications for review.
The U.S.-Ukraine Reconstruction Investment Fund was established by an intergovernmental agreement in May 2025. The fund’s initial capital is $150 million, contributed in equal shares ($75 million each) by Ukraine and the U.S. corporation DFC. In its early years, the fund will prioritize investments in equity and quasi-equity instruments.
