Under the leadership of President Donald J. Trump, the United States and Ukraine have entered into a new agreement to establish a partnership focused on Ukraine's reconstruction and economic development. Announced on April 30, this collaboration aims to support Ukraine's long-term success following the damage caused by Russia’s invasion.
The Treasury Department and the U.S. International Development Finance Corporation (DFC) will collaborate with Ukraine's government to advance this initiative. The DFC will work alongside Ukraine’s State Organization Agency on Support Public-Private Partnership, both backed by their respective governments.
President Trump emphasized that this partnership is designed to show mutual commitment to peace and prosperity in Ukraine. A fund will be created, receiving 50% of royalties from natural resource projects in Ukraine, which will then be invested in new projects within the country. This is expected to drive economic growth and job creation.
The fund will be managed by a company with equal representation from Ukrainian and American board members. Their collaborative decision-making process will focus on transparency and accountability for resource allocation. Natural resource projects under consideration include minerals, hydrocarbons, and infrastructure development.
This agreement signifies a commitment by the United States to support Ukraine’s long-term success while sending a clear message against any involvement from those who financed or supported Russia during its conflict with Ukraine.