Ukraine and the USA Announce the Launch of Three Mineral Extraction Projects

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Ukraine and the USA Announce the Launch of Three Mineral Extraction Projects

Ukraine, in collaboration with the United States, is preparing to launch three investment projects in the field of mineral extraction. The implementation of these initiatives is planned for the next year and a half within the framework of the American-Ukrainian Reconstruction Investment Fund.

This is reported by Finway

Launch of Investment Projects and Expansion of Cooperation

Prime Minister Yulia Svyrydenko announced that the first meeting of the fund’s board of directors will take place in September. Within this fund, not only the launch of extraction projects is expected, but also a gradual expansion of its mandate to attract investments into the defense sector.

“We discussed the launch of the reconstruction investment fund. We are working on expanding its mandate so that the fund can also invest in the defense sector. The first board meeting is scheduled for September. The goal is to launch the first three projects within 18 months,” Svyrydenko informed.

During negotiations with U.S. Treasury Secretary Scott Bessent, the parties also discussed prospects for cooperation in the defense and investment sectors. Special attention was given to a potential defense agreement previously announced by President Volodymyr Zelensky. This agreement includes the production and export of Ukrainian drones, as well as potential purchases of American weapons for Ukraine.

Foreign Investments and the Role of Corporate Governance

Acting U.S. Chargé d’Affaires Julie Davis emphasized during a meeting with Ukraine’s Minister of Energy Svitlana Hrynchuk that effective corporate governance and a favorable business climate are crucial for attracting foreign investments to Ukraine. In her opinion, these factors will contribute to the activation of the domestic economy and help attract American and global capital into key sectors, particularly in mining and energy.