Ukraine and the United States are actively preparing to establish a new Ukrainian-American investment fund that will play an important role in restoring the country’s economic potential and attracting foreign capital into key sectors
According to Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Sviridenko, the Ukrainian investment fund for the restoration of strategic resources could begin operations in just a few months if the Verkhovna Rada ratifies the relevant intergovernmental agreement. Sviridenko announced this during a meeting with journalists in Washington, noting that completing the ratification process will be a key step toward launching the project. She emphasized that the fund's launch process will not be prolonged for years—in the best case, it will take a few months. At the same time, the official underscored the importance of finalizing all technical details, particularly related to financial flows and legal aspects, to ensure the fund operates effectively and transparently. According to Member of Parliament Yaroslav Zheleznyak, the vote on the ratification of the agreement could take place as early as during the next plenary week, scheduled for May 13–15. The prospect of quickly making a decision is enhanced by plans to conclude two additional agreements after ratification. One will concern the creation of the legal structure of the fund, and the other will regulate its technical operations. This will provide the legal framework necessary for the swift implementation of the project. Overall, this investment fund is a key element in Ukrainian-American cooperation under the agreement on the use of subsoil resources. Its importance is growing amid internal political and international dynamics, as it will open new opportunities to attract external investments into critically important sectors. The agreement, signed on the night of May 1, resulted from lengthy negotiations and symbolizes a new stage of Ukraine's partnership with the U.S. in the field of natural resources and economic development. Specifically, it is noted that Ukraine will be able to elevate its management of natural resources, while receiving support from American partners. Ukrainian government representatives emphasize that the ratification process involves several important steps before the fund can become operational. In addition to the political decision in parliament, other documents establishing the organizational structure and operational principles of the fund must also be signed. The background of this project indicates that the story began in late April, when the Ukrainian Cabinet of Ministers submitted a draft law to the Verkhovna Rada. This was a logical culmination of the signing of the agreement between the two countries on creating an investment mechanism for utilizing Ukrainian resources for strategic purposes. While the agreement falls under Ukraine's national laws, it is less formalized in the U.S., where congressional approval is not currently required at this stage. Against the backdrop of geopolitical challenges and the internal need for modernization, the creation of this fund opens new opportunities for Ukraine to attract foreign investment, expand industrial capacity, and strengthen its resource security. This is not only an economic project but also a strategic step aimed at consolidating the country's position on the global stage.