Ukraine, together with the USA, is actively working on launching the American-Ukrainian Investment Fund for Reconstruction, which is expected to start operations by the end of the current year. This was announced by the Minister of Economy, Yulia Svyrydenko, following her working visit to Washington.
This is reported by Finway
Initial steps in forming the fund and supporting defense companies
The first meeting of the fund’s governing council is scheduled for the end of July. At this meeting, decisions will be made regarding the composition of committees, project selection procedures, as well as the initial capital and investment strategy for the coming years. The Ukrainian side has proposed to expand the fund’s investment mandate to include support for Ukrainian defense companies, to which the USA has responded positively and expressed readiness to cooperate in this direction.
“An important meeting with Finance Minister Scott Bessent. We are working on projects in the fields of graphite, lithium, and titanium,” she noted.
One of the key topics of the negotiations was the expansion of military risk insurance, as American companies are willing to invest in Ukraine, but they need additional security guarantees.
Opening new deposits and cooperation with European partners
Alongside these initiatives, the Ukrainian company “Velta” has received preliminary data regarding the presence of rare earth metal deposits at the Byrzulivske titanium ore deposit in the Kirovohrad region. The conducted research has confirmed the presence of signs of several critically important elements in the local ilmenite, including niobium, vanadium, hafnium, scandium, yttrium, lanthanum, cerium, neodymium, and thorium. However, these results still require additional scientific validation to determine the industrial feasibility of extraction. The research was conducted in cooperation with European partners as part of the REPTiS project.
Thus, cooperation between Ukraine and the USA in the field of investment in critical minerals, as well as the opening of new deposits, can significantly enhance Ukraine’s economic potential and attract new resources for the restoration and development of strategic sectors.