Future military assistance from the U.S. could count as contributions to the newly established joint investment fund, but prior aid will not.
Pre-existing projects, such as those owned by Ukraine‘s state-owned companies, will not be impacted by the minerals deal.
„Revenues from projects already launched or budgeted revenues are not included in the Fund. The agreement refers to further strategic cooperation,“ First Deputy Prime Minister Yulia Svyrydenko said.
Ukraine and the United States will establish a U.S.-Ukraine Reconstruction Investment Fund to attract global investments into the country. The relevant agreement was signed on Wednesday in Washington by First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko and U.S. Treasury Secretary Scott Bessent.
„The Fund will be financed exclusively through revenue from NEW licenses – specifically, 50% of the proceeds from new licenses for critical materials and oil and gas projects that will flow into the budget after the Fund‘s creation. Revenues from already launched projects or budgeted income will not be included in the Fund,“ Svyrydenko wrote in a Facebook post.
Delegations from Saudi Arabia and Ukraine met on Feb. 16 to discuss increased investment and bilateral cooperation between the two nations, ahead of a planned visit by President Volodymyr Zelensky. (….)
The Ukrainian delegation is preparing with local officials for Zelensky‘s visit to Saudia Arabia, during which he will sign economic agreements with various countries in the region, First Deputy Prime Minister and Economic Minister Yulia Svyrydenko announced on Feb. 16.