U.S. & UKRAINE SIGN DEAL TO ESTABLISH RECONSTRUCTION INVESTMENT FUND – Trump says he has ‘potential deals’ with India, South Korea, Japan
In a breakthrough that aligns with President Trump’s push for peace and economic stability in Eastern Europe, The United States and Ukraine signed an agreement to establish a joint reconstruction investment fund, granting U.S. firms priority access to new investment projects involving key Ukrainian resources such as oil and natural gas.
This economic partnership positions the two countries to work collaboratively and invest together to ensure that their mutual assets, talent, and capabilities can accelerate Ukraine’s economic recovery, the U.S. Treasury Department said in a press release.
The Treasury Department and the U.S. International Development Finance Corporation will work with the Government of Ukraine to finalize program governance and advance this important partnership, it said.
The deputy prime minister of Ukraine said there will be a 50-50 split in managing and contributing to the investment fund, and neither side will hold a dominant vote.
The fund will be filled with income exclusively from new licenses for projects in critical materials and oil and gas.
In addition to direct financial contributions, the United States can also provide military support to the fund, such as air defense systems.
President Donald Trump also said that he has “potential” trade deals with India, South Korea and Japan as he seeks to convert his tariff policy into trade agreements. Trump said he was in no rush to conclude the deals because the United States is reaping the benefits of the tariffs he has imposed.
