USA to Supply Weapons: How Will the Ukraine Reconstruction Investment Fund Work?

USA to Supply Weapons: How Will the Ukraine Reconstruction Investment Fund Work?

The United States of America will contribute to the Ukraine Reconstruction Investment Fund not only in the form of financial resources but also through new military assistance, including the supply of air defense systems.

This is reported by Finway

At the same time, Ukraine commits to contribute 50% of the state budget revenues it receives from royalties on new licenses for mineral extraction. In addition, Ukraine may make additional contributions to the fund.

Investments in Strategic Projects

“The Fund will further invest in projects related to mineral extraction and oil and gas, as well as in related infrastructure or processing. The specific investment projects that funds will be directed towards will be jointly determined by Ukraine and the USA. The Fund can invest exclusively in Ukraine. It is expected that for the first 10 years, the profits and revenues of the fund will not be distributed but can only be invested in Ukraine – in new projects or reconstruction. These conditions will be discussed further,” said Ukraine’s Minister of Economy Yulia Svyrydenko.

List of Minerals

The document signed on April 30 contains a list of 57 minerals whose extraction is covered by the agreement. This list can only be expanded by mutual consent of the parties. At the same time, the agreement does not regulate the extraction and revenues from the extraction of other minerals and does not pertain to revenues from Ukrainian infrastructure, as was initially proposed by the USA.