The US and Ukraine finalized a Reconstruction Fund agreement on April 30, aimed at fostering investment in Ukraine's natural resources sector. Initiated post-inauguration of President Trump, the agreement entails a collaborative investment strategy with Ukraine contributing from new licensing revenues. The fund's focus includes fossil fuel extraction and infrastructure development, with profits from the first decade earmarked for reinvestment in Ukraine. This initiative reflects the ongoing commitment to bolster Ukraineâs economic resilience amidst its European integration efforts.
"Together with the United States, we are creating the Fund that will attract global investment into our country," Ukrainian First Deputy Prime Minister Yulia Svyrydenko posted on Facebook.
"We expect that the first 10 years of profits and income of the fund will not be distributed, but can only be invested in Ukraine, in new projects or reconstruction. These conditions will be discussed further," the minister posted on Facebook.
#us-ukrainian-relations #reconstruction-fund #investment-agreement #natural-resources #economic-development
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