Ukrainian Prime Minister Yulia Svyrydenko announced that the U.S.-Ukraine Investment Fund for Reconstruction (URIF) has received 282 applications from over 15 countries in its inaugural year. This information was shared via her Telegram account.
One year ago, Ukraine and the United States signed an agreement to establish the URIF, known informally as the “minerals deal.” This agreement initiated a new framework for long-term economic collaboration between the two nations, aimed at attracting global investments.
Svyrydenko noted that more than half of the applications originated from Ukrainian companies. Additionally, over a quarter of all submissions pertained to sectors such as energy, transportation, logistics, critical mineral extraction, and advanced strategic technologies.
Since the beginning of the year, an online portal has been launched for submitting investment projects to the Fund. In March, the first investment was approved for Sine Engineering, a Ukrainian dual-use technology firm focused on developing and enhancing communication and navigation components for drones.
The Prime Minister indicated that several projects in the energy sector are currently undergoing evaluation. Overall, three investment agreements are planned to be finalized by the end of 2026.
“I thank our partners — the U.S. Department of the Treasury, DFC, the Ukrainian Government team, and all those supporting the development of economic partnership between our countries. Together, we continue to select projects and work on upcoming investment decisions,” Svyrydenko stated.
Background on the Reconstruction Fund
On May 1, 2025, Ukraine and the U.S. signed a deal concerning natural resources. The Ukrainian Parliament ratified the agreement on May 8, and President Volodymyr Zelensky signed the corresponding law on May 12.
Former U.S. President Donald Trump indicated that the natural resources agreement would “protect” U.S. investments and financial aid provided to Ukraine. A key condition of this agreement was the establishment of the U.S.-Ukraine Investment Fund for Reconstruction.
The Fund’s initial capital was formed through equal contributions of $75 million each from the U.S. via the DFC and Ukraine, totaling $150 million in startup capital. These funds are intended to prepare for the first investments, which are set to commence in 2026.
The inaugural meeting of the Fund’s Governing Council took place on September 3, 2025, with three representatives from both Ukraine and the U.S. The first pilot investment projects may be launched in September.
The U.S.-Ukraine Investment Fund officially commenced operations on September 17, with the first contribution of $75 million received from the U.S. International Development Finance Corporation (DFC).
On November 14, the Ukrainian Ministry of Economy and the DFC announced that the key operational partner for the U.S.-Ukraine Investment Fund would be the international consulting firm Alvarez & Marsal (A&M).
The U.S.-Ukraine Investment Fund for Reconstruction has gathered 282 applications in its first year, reflecting strong interest in various sectors. The Fund aims to foster long-term economic partnerships and is set to commence its first investments in 2026.