Ukraine

Ukraine has completed all procedures for launching a joint reconstruction fund with the US

Ukraine has completed all the necessary formalities for the launch of a joint reconstruction fund with the United States provided for in the bilateral resource agreement. The corresponding note was handed over to Julie Davis, US chargé d’affaires in Ukraine. About this reported Minister of Economy Yulia Svyridenko.

“Ukraine has completed all necessary procedures to launch the US-Ukrainian reconstruction fund. Today, it handed over the note to the US chargé d’affaires in Ukraine Julie Davis”, she noted.

Svyridenko noted that the Ukrainian negotiating team fulfilled the task set by President Volodymyr Zelenskyi, reaching an “equal agreement aimed at the future.”

“The agreement, which respects the national interests of Ukraine, provides for joint management and investment with America. The agreement has no provisions on debt and there is an obligation to invest exclusively in Ukraine. This is another clear signal: Ukraine is on the way to strategic investments.” – emphasized the minister.

Contributions to the fund will be made jointly by the United States and Ukraine, with the United States providing its share in the form of military aid to Kyiv or in other ways at its discretion.

 

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