U.S. Treasury Secretary Bessent hailed the agreement as a ‘historic economic partnership.’

On Wednesday, the U.S. Treasury Department announced that the United States and Ukraine have signed an agreement to establish the U.S.-Ukraine Reconstruction Investment Fund.

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“This economic partnership positions our two countries to work collaboratively and invest together to ensure that our mutual assets, talent, and capabilities can accelerate Ukraine’s economic recovery,” the department said in a press release.

U.S. Treasury Secretary Scott Bessent hailed the agreement as a “historic economic partnership,” saying it is a signal to Russia that the U.S. government is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. Both the United States and Ukraine will quickly operationalize the economic partnership.

On Thursday, Ukrainian Foreign Minister Andriy Sibiga informed European Union Foreign Policy chief Kaja Kallas about the signing of the document between the two countries.

“This is an important milestone for the strategic alliance between Ukraine and the U.S., which aims to strengthen Ukraine’s economy and security,” Sibiga said about an agreement that will be financed with half of the profits generated by mineral and other natural resource extraction projects.

The U.S.-Ukraine Reconstruction Investment Fund is an initiative aimed at mobilizing private sector capital for Ukraine’s post-war reconstruction. It will focus on supporting Ukrainian small and medium-sized enterprises, infrastructure projects, and sectors critical to long-term economic recovery, such as energy, agriculture, and technology.

The fund will be managed by the U.S. International Development Finance Corporation (DFC) in partnership with Horizon Capital, a private equity firm with experience in Eastern Europe. Initial U.S. commitments are expected to help attract broader private investments by mitigating risk and demonstrating international support for Ukraine’s economic future.

The initiative underscores the strategic role of public-private partnerships in leveraging investment for development and stability in conflict-affected regions. This fund is part of a broader U.S. effort to lay the groundwork for Ukraine’s long-term reconstruction and integration with Western markets.

teleSUR/ JF

Sources: Xinhua – EFE

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