The agreement on minerals between Ukraine and the United States is a framework agreement, and the next step will be to prepare an agreement on the establishment of the Reconstruction Investment Fund, which will require ratification by the Verkhovna Rada of Ukraine.
This was stated by President of Ukraine Volodymyr Zelenskyy during a conversation with the press, Timeukraineisarel reports.
Framework agreement is only the first step
The President stressed that it is too early to talk about specific financial aspects of the deal.
“It’s too early to talk about money (in the final version of the agreement with the US – ed.). This is a framework agreement. Ukraine will provide money to the Fund (the Reconstruction Investment Fund – ed.) from new things, and it is important that today you cannot reimburse anything there and will not do so,” Zelenskyy said.
According to him, the final agreement on the Fund will be more complex and serious, as it will cover partnerships, financing and investment mechanisms.
“The next agreement will have to be ratified by the Ukrainian parliament. I don’t know about the US Congress, the partners have not yet spoken about this,” the president added.
What is known about the Reconstruction Investment Fund?
Earlier, Prime Minister Denys Shmyhal said that the Cabinet of Ministers is considering a cooperation agreement on minerals between Ukraine and the United States, which will become the basis for further attracting investment in strategic industries.
The Reconstruction Investment Fund is expected to contribute:
- Attracting US investment in infrastructure rehabilitation and the extractive sector
- Ensure joint management of natural resources
- Enhancing Ukraine’s economic resilience
Why is this important?
- Framework agreement paves the way for large-scale partnership with the US
- The Reconstruction Investment Fund will be a key mechanism for attracting international funds
- Funding will require ratification by the Verkhovna Rada
Ukraine and the United States continue to strengthen economic cooperation, which could be an important step for the country’s post-war reconstruction and financial stability.
