Ukraine will receive the first investments under the subsoil agreement with the US next year

The first three investments in the US-Ukraine Reconstruction Investment Fund, which will finance projects to develop Ukrainian fields, are expected in 2025. This was stated by Minister of Economy Oleksiy Sobolev during an hour of questions to the government in the Verkhovna Rada, reports UNIAN.

According to him, in September, a large-scale delegation from the United States visited Ukraine, which included representatives of US Treasury Department and International Development Finance Corporation (DFC). They visited Kyiv, Kyiv, Lviv and Kirovohrad regions, where they got acquainted with potential investment sites.

"The American delegation held numerous meetings with Ukrainian business, both private and public. Together, we are forming a list of promising projects, and we have already agreed that the first three investments will be implemented over the next year," said Soboliev.

The Minister clarified that the US has already increased their initial contribution to the fund from $25 to $75 million, recognising the potential of Ukrainian projects and the presence of companies capable of efficiently extracting and processing minerals.

The fund will have bank accounts opened by the end of this year, and an administrator and investment adviser will be appointed within the next month. In December, it is planned to opening of applications from Ukrainian companieswho will be able to submit their projects through an advisor. In 2025, they will be held at independent verification (due diligence) and investment procedures to obtain financing.

"We see great interest from our American partners. We communicate with them regularly, and this cooperation significantly strengthens our economic relations with the United States," Sobolev said.

Reference.

An agreement between Ukraine and the United States on access to Ukrainian natural resources was signed in spring 2025. It provides for the creation of of the joint Investment Fund for Reconstruction with equal participation of the parties 50/50, with no debt and financed by new licences.

In September, the US delegation first reviewed potential start-up projects, including deposit and mining and processing plant in Kirovograd region. According to the statement of Prime Minister Yulia Sviridenko, DFC's first contribution will amount to $75 millionThe same amount will be allocated by Ukraine, so the initial capital of the fund will reach $150 million.