Ukraine and the United States have concluded an agreement on economic partnership. The document provides for the establishment of the Ukraine Recovery Investment Fund, which will be financed by revenues from rental payments on new licences in the fields of critical raw materials, oil, and gas. The agreement was signed by First Deputy Prime Minister and Minister of Economy of Ukraine, Yuliia Svyrydenko, and U.S. Secretary of the Treasury Scott Bessent. The document is subject to ratification by the Verkhovna Rada of Ukraine.

The Director General of the Ukrainian Geological Survey (UGS), Oleh Hotsynets, explained that this agreement marks another step towards strengthening the strategic partnership between Ukraine and the United States. The bilateral cooperation in the field of sustainable use of natural resources opens new opportunities for attracting American investment, introducing advanced technologies, and jointly managing environmentally significant projects. He also noted that a key provision of the Agreement is the establishment of the Ukraine Recovery Investment Fund, which will receive 50% of future rental revenues from new licences for new sites in the fields of critical raw materials, oil, and gas. Revenues from existing projects or those already planned in the state budget will not be included in the Fund.

The Ukraine Recovery Investment Fund will make it possible to secure financing for Ukraine’s technological development and recovery. The Fund’s resources will be invested exclusively in Ukraine, either in extraction projects or in infrastructure reconstruction. For the first ten years, profits will not be distributed but will be fully reinvested in the Ukrainian economy; thereafter, they may be distributed between the partners. The Fund will be managed on a parity basis by Ukraine and the United States. This agreement is an important step towards Ukraine’s energy independence and the development of its resource potential based on principles of sustainability and responsibility. The document provides for the exchange of experience in the field of mineral extraction, infrastructure modernisation, promotion of innovation and the introduction of new technologies, as well as the attraction of additional investment.

Cooperation with a strategic partner such as the United States contributes to strengthening international support, developing critical infrastructure, and creating economic conditions that form the foundation for long-term peace and prosperity.