Ukraine and the United States of America have taken a significant step towards concluding an investment agreement for natural resources. On April 17, the parties signed a memorandum that confirms their intention to complete the formal procedures and establish a mutually beneficial agreement for both nations. This will serve as the foundation for creating a Fund for the Reconstruction of Ukraine.
This is reported by Finway
The memorandum emphasizes that it reaffirms the American people’s desire to invest alongside the Ukrainian people in a free, sovereign, and secure Ukraine. The document also establishes that the USA respects Ukraine’s commitments related to its accession to the European Union and agreements with international financial institutions and creditors. This means that the agreement should not create conflicts with Ukraine’s European integration course.
Establishment of the Investment Fund
It is expected that the finalization of the agreement text and its signing will occur soon, after which the ratification process will begin in the parliaments of both countries. As noted by Ukraine’s trade representative Taras Kachka during a televised broadcast, the new investment fund to be created under the agreement will have the right to invest not only in the development of deposits but also in infrastructure projects, including road, port, and energy projects.
Kachka also emphasized that the agreement does not concern debt repayment, but rather the profit opportunities for the USA and Ukraine from investments in the Ukrainian economy. The next round of negotiations regarding natural resources is scheduled for April 24 in the USA.