The United States and Ukraine have agreed to create a joint investment fund aimed at rebuilding Ukraine’s war-torn economy. The fund, finalized on Wednesday, will target key sectors such as oil, gas, and critical minerals.
Ukraine’s Economy Minister Yulia Svyrydenko announced on X that both countries will share equal control of the fund. She added that future American military assistance may count as part of the U.S. investment.
“We are forming this fund with the United States to bring Western investment into Ukraine,” Svyrydenko wrote. “Management will be shared equally, with no side holding a majority stake. This shows our equal partnership.”
The U.S. Treasury released a statement confirming the deal and praising past American support. It noted the fund builds on more than three years of U.S. financial and military aid to Ukraine.
“This economic partnership allows both nations to invest jointly and speed up Ukraine’s recovery,” the Treasury said.
Svyrydenko also addressed a key concern from Kyiv. She confirmed the deal includes no debt obligations for Ukraine.
“This agreement strengthens our economies through equal cooperation and investment,” she wrote.
Negotiations had been ongoing for months. A near-final version was expected by late February. However, progress stalled after a heated Oval Office meeting on February 28. Ukrainian President Volodymyr Zelensky reportedly clashed with President Trump and Vice President JD Vance, leaving without signing the deal.
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