The Cabinet of Ministers has delegated representatives to the governing board of the U.S.-Ukraine Reconstruction Investment Fund. The board’s first meeting is set to take place on September 3.
This was announced by Prime Minister Yuliia Svyrydenko following a government meeting on September 1, as reported by Ukrinform, referring to her Telegram channel.
“We are forming the governing board of the Reconstruction Investment Fund. The government has delegated representatives to the board of the U.S.-Ukraine Reconstruction Investment Fund,” she wrote.
Svyrydenko noted that the upcoming meeting will focus on defining project selection criteria and other operational procedures for the fund.
She clarified that the Ukrainian delegation will include: Oleksii Sobolev, Minister of Economy, Environment, and Agriculture, Yehor Perelyhin, Deputy Minister of Economy, Environment, and Agriculture, and Oleksandr Karasevych, State Secretary of the Ministry of Foreign Affairs.
“All of them are skilled managers with experience in attracting investment, negotiating with partners, strategic planning, and expertise in the field of mineral resources,” Svyrydenko explained.
According to the Ministry of Economy, Environment, and Agriculture of Ukraine, the first meeting of the Board of the U.S.-Ukraine Reconstruction Investment Fund will include the approval of committee members, project selection principles, and operational procedures.
The ministry reminded that the governing board consists of six managers—three from each side. The American delegation will be represented by three managers authorized by the U.S. International Development Finance Corporation (DFC) through its subsidiary, DFC Ukraine Subsoil, LLC.
It was emphasized that all strategic decisions will be made unanimously, ensuring equal partnership between the two nations.
As previously reported, on May 8, the Verkhovna Rada ratified the agreement between the governments of Ukraine and the United States to establish the U.S.-Ukraine Reconstruction Investment Fund (minerals deal).
The agreement was signed on April 30, 2025, in Washington, D.C., and will enter into force upon the exchange of diplomatic notes confirming that both parties have completed their internal procedures.
The fund was officially launched on May 23, 2025, and will invest contributions from both the U.S. and Ukraine into projects focused on natural resource extraction, oil and gas, port development, and related infrastructure across Ukraine.
