The Verkhovna Rada, Ukraine’s parliament, registered a bill to ratify Wednesday’s deal that will establish a joint fund that shares in the investment in, and profits from, the extraction of Ukrainian natural resources, according to its website.
“The Draft Law of Ukraine … has been developed with the aim of fulfilling the domestic procedures required for the entry into force of the Agreement between the Government of Ukraine and the Government of the United States of America on the Establishment of the US-Ukraine Reconstruction Investment Fund, signed on April 30, 2025, in Washington DC, in accordance with the legislation of Ukraine,” the Explanatory Note to the draft law says.
Kyiv and Washington have co-signed a long-awaited deal to establish the United States-Ukraine Reconstruction Investment Fund.
The bilateral agreement sets the framework for cooperation between the two governments regarding subsoil development, the sale of minerals, and US assistance – including military aid – that Ukraine will continue to receive.
Ukraine’s Cabinet of Ministers submitted the bill to the parliament on Thursday. The deal outlines the scope and basic definitions of what it covers.
The document says it is aimed at Ukraine’s long-term reconstruction and modernization.
Ukrainian lawmaker Yaroslav Zhelenyak said this is the first of several similar documents a view that European Pravda reported was governed by the decision taken by Ukraine and the US to split the agreement into several components.
