Ukraine and the United States are in discussions regarding the establishment of an investment fund, into which Kyiv will invest future revenues from the extraction of critical minerals, while Washington will contribute funds across various sectors, with contributions expected to be approximately 50-50, as reported by Prime Minister Denys Shmyhal.
During a discussion at the special YES meeting "Three Years - Time to Win," organized by the Viktor Pinchuk Foundation, the Prime Minister emphasized that Ukraine is not discussing any issues related to critical minerals without security guarantees and a peace plan. Currently, Ukraine is negotiating with the United States on these two points: security guarantees and economic cooperation. Various sectors are being considered in terms of economic collaboration, particularly in reconstruction.
"We offer the same conditions to European partners and G7 partners - that is, to all those who have supported Ukraine over these three years," he explained.
The head of the Ukrainian government added that Ukraine is currently discussing the possibility of creating a joint investment fund with the United States, into which Ukraine will invest future revenues from the extraction of critical raw materials, derived from state-owned enterprises.
"This is Ukraine's contribution. From the U.S. side, the contribution will be in the form of cash, meaning actual funds, directed towards various areas: security, economic development, and capital investments in Ukraine's infrastructure. This will be approximately a 50-50 contribution to this unique fund. Thus, this fund will be managed by both the governments of Ukraine and the United States," Shmyhal stated.
According to him, this agreement will be prepared. He noted that currently, only the initial intention to create such an investment fund between the two countries is being formalized.
"So, nothing extraordinary. Nothing akin to a colonial agreement is being discussed. Absolutely, I assure you once again," the Prime Minister emphasized.
Additionally, he pointed out that European integration is embedded in this document, and this agreement to establish an investment fund cannot contradict the existing association agreement with the European Union, as well as agreements with international financial organizations (IMF, World Bank).
It cannot contradict the agreement that we will sign with the United States. "Right now, we have a very constructive dialogue. The United States is our partner, and there is no doubt about that," Shmyhal underscored.
As the Prime Minister shared, earlier, Ukraine and European countries "explored" deposits of 22 out of 30 critical types of minerals that are of interest to Europe, and there are several memorandums with the EU. In particular, Ukraine is a member of certain alliances within the European Union concerning raw materials, with agreements signed 3-4 years ago.
"First of all, this needs to be extracted, and then we can assess its value. And this is not a task for just a few years," he added.