The United States and Ukraine are accelerating the preparations for the United States-Ukraine Reconstruction Investment Fund. Ukrainian First Deputy Prime Minister Yulia Svyrydenko stated in Washington on Wednesday that they plan to officially launch the fund by the end of this year and are scheduled to hold the first board meeting in July.
This fund initiative is one of the assistance measures for Ukraine strongly promoted by U.S. President Trump, aimed at promoting investment and development in strategic resources such as lithium, rare earth metals, and titanium within Ukraine, assisting in its post-war reconstruction, and enhancing its strategic position in the global supply chain.
Svyrydenko revealed on her social platform that she met with U.S. Treasury Secretary Scott Bessent to discuss the launch of the initial projects of the fund. “We are moving from vision to action, advancing the implementation of the United States-Ukraine Reconstruction Investment Fund,” she pointed out. “The specific projects currently being planned focus on key areas such as graphite, lithium, and titanium. These are strategic cooperation focal points where both the U.S. and Ukraine can achieve mutual benefits.”
She also mentioned that the fund’s board of directors is expected to hold its first meeting in late July, where the committee composition, operational procedures, and project selection criteria will be determined to lay the foundation for the full launch of the fund.
The fund is a core component of the U.S.-Ukraine Mineral Cooperation Agreement signed on April 30 this year. According to the agreement, the fund will be jointly managed by the U.S. International Development Finance Corporation (DFC) and the Ukrainian government, with each side having a 50% decision-making power. The investment scope covers mineral extraction, oil and gas projects, and related infrastructure construction.
The U.S. plans to provide partial funding and technical support through the DFC, playing a guiding role to attract more capital participation from G7 countries and the global private sector, constructing a diversified and sustainable investment landscape.
Established during the first term of President Trump’s administration in 2019, the DFC, as the official U.S. development finance institution, aims to promote investments in critical infrastructure, energy, and strategic resource sectors globally through collaboration with the private sector to support U.S. foreign policy and enhance national security.
The DFC emphasizes on its official website that its foreign investment operations help counter the expansion of the Chinese Communist Party’s global influence and strengthen U.S. security in key mineral and future industry supply chains. Additionally, these investments can promote local stability, expand business opportunities for American companies, and reduce reliance on foreign aid and financial burdens.