The USA and Ukraine launched a recovery fund of $150 million: what it will accomplish by 2026.
According to inkorr.com: The United States of America and Ukraine have made their first contributions to the American-Ukrainian Investment Recovery Fund. Ukraine's Prime Minister Yulia Svyrydenko reported that the US invested $75 million, and Ukraine contributed the same amount, creating a total initial capital of $150 million.
Svyrydenko noted that the Fund has already begun its activities, with plans to complete the first projects in the fields of energy, infrastructure, and critical minerals by the end of 2026.
'It is important that the Fund is built on the principle of equality. Ukraine bears the same financial responsibility as the US. This demonstrates our responsibility and desire to develop a joint recovery tool and long-term cooperation.'stated the Prime Minister.
Principles of the Fund's Operation
Prime Minister Denys Shmyhal spoke about the key principles that will be adhered to under the agreement:
- The Fund will have a 50/50 structure, ensuring equal voting rights for both parties.
- Ukraine retains control over natural resources, infrastructure, and subsoil.
- Funding will be provided in the form of investments, without debt obligations.
- The Fund will invest in projects and ensure commercial procurement on the terms of 'take or pay.'
- The agreement will not affect Ukraine's accession process to the European Union.
Thus, the US and Ukraine have made equal contributions of $75 million each to the recovery investment fund. This will serve as an impetus for activating the Fund's work and implementing the first projects in the near future. The agreement between the countries will ensure effective and fair cooperation for the recovery of the Ukrainian economy and infrastructure.
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