U.S.–Ukraine Investment Fund for Reconstruction launches with Scott Bessent on board

On Wednesday, September 3, the U.S.–Ukraine Investment Fund for Reconstruction, a joint initiative aimed at attracting American investment into Ukraine’s mining sector and other parts of the economy, was officially launched, Prime Minister Yulia Svyrydenko announced.

The fund’s governing board is composed of three representatives from each country.

Ukraine is represented by Minister of Economy, Environment and Agriculture Oleksiy Sobolev, his deputy Yehor Perelyhin, and State Secretary of the Ministry of Foreign Affairs Oleksandr Karasevych.

The United States appointed Secretary of the Treasury Scott Bessent, along with Connor Coleman and Robert Stebbins from the U.S. International Development Finance Corporation (DFC).

At its first meeting, the Board approved the fund’s operating rules, established committees, and authorized the opening of bank accounts as well as the selection of a fund administrator and investment adviser.

"The next step is to identify projects for the first pilot investments. In September, we will discuss this issue with our colleagues from the DFC during their visit to Kyiv," Svyrydenko said.

She emphasized that U.S. investments could serve as an additional safeguard for Ukraine’s security, even though on August 21 Russia destroyed the American-owned Flex plant in Mukachevo with a missile strike.

• The intergovernmental agreement to create the U.S.–Ukraine Investment Fund for Reconstruction was signed at the end of April 2025. Ukraine will contribute new and dormant mining licenses to the fund, while the United States will provide the financing.