Washington and Kyiv to establish an Investment Fund to attract capital into Ukraine’s economy
Ukrainian Deputy Prime Minister Yuliia Svyrydenko confirmed that Kyiv and Washington have signed a so-called “resource agreement.” This was reported by WNTab on Thursday, May 1, citing the official’s Facebook post.
The full text of the agreement has not been disclosed, so its details can only be inferred from statements and comments made by involved politicians.
Notably, U.S. President Donald Trump stated that the deal is valued at $350 billion:
“They have many rare earth elements, minerals, materials. They have what many places don’t. That’s their great asset. Today, we signed a deal worth over $350 billion.”
At the same time, Deputy Prime Minister Svyrydenko emphasized that the document contains no debt obligations.
According to the official, the budget of the newly established Investment Fund will be financed through the issuance of new licenses for mineral development. All existing licenses, as well as state-owned companies like Energoatom and Ukrnafta, will remain under Ukrainian ownership. Fifty percent of revenue from new licenses will be allocated to the Fund.
Additionally, the Fund will be supplemented by U.S. contributions, which may include both financial resources and new arms supplies. Ukraine will contribute its share in the form of 50% of new permits and licenses, and may also attract additional funding.
The Ukrainian government expects that for the first 10 years, the Fund’s revenues will not be divided between the parties but will be directed solely toward the country’s development. However, this point remains under discussion.
Earlier, WNTab reported that experts had decoded the content of a conversation between Donald Trump, Volodymyr Zelenskyy, and Emmanuel Macron in the Vatican.
