Ukrainian Minister of Economy Yulia Sviridenko held a meeting in Washington with US Treasury Secretary Scott Bessent. The negotiations took place against the backdrop of active cooperation between Ukraine and the United States in the field of economic partnership and reconstruction.
This is reported by Finway
Launch of the Investment Fund and Support for Investors
The main topic of the meeting was the launch of the first projects of the American-Ukrainian Investment Fund for Reconstruction, as well as the development of tools to protect investors. According to Sviridenko, projects in the fields of graphite, lithium, and titanium are currently being actively developed. She emphasized that cooperation with the US in such sectors could be mutually beneficial for both parties.
“We have specifics. We are currently working on projects in the fields of graphite, lithium, and titanium. It is in such projects that partnership with the US can be mutually beneficial,” she said.
Sviridenko also reported that the first meeting of the Fund’s governing board is planned for the end of July, which will allow the investment body to begin operational activities.
Expanding the Fund’s Mandate and Guarantees for American Investors
The Minister of Economy proposed to expand the investment mandate of the fund to provide support for Ukrainian businesses, particularly in the defense industry. According to her, the American side has shown a positive attitude towards this initiative. Additionally, the issue of expanding insurance for military risks was discussed, as American companies are willing to invest but require appropriate guarantees.
Scott Bessent confirmed the US’s readiness to support Ukraine’s sovereignty and ensure conditions for sustainable and lasting peace. He emphasized that no one who financed or supplied the Russian military machine should benefit from the reconstruction of Ukraine.
The Ukrainian delegation, led by Yulia Sviridenko, arrived in Washington to hold a series of meetings with representatives of both political parties in the US. This was previously reported by Andriy Yermak, who is also part of the delegation.
The Investment Fund for Reconstruction officially began operations in May, following the exchange of diplomatic notes between Ukraine and the US. It is worth noting that the agreement to establish the American-Ukrainian Investment Fund for Reconstruction was signed on April 30. The document stipulates that full ownership and control remain with Ukraine, the fund is established on a parity basis of 50/50, Ukraine has no debt obligations to the US, and contributions to the fund are made solely from new licenses. This agreement does not create obstacles for Ukraine’s accession to the European Union.