The official, who spoke on the condition of anonymity to discuss the sensitive negotiations, said Kyiv believes the establishment of the fund would itself serve to bolster Ukraine’s security since U.S. and Ukrainian investments would need to be protected amid continuing Russian attacks.
The agreement states that the U.S. will maintain a long-term financial commitment to Ukraine’s stability and economic prosperity, and could make further contributions outside the fund in the form of financial instruments and other assets critical for Ukraine’s reconstruction.
A preliminary economic agreement between Ukraine and the United States would ensure long-term U.S. involvement in rebuilding the country, but the deal leaves the question of security guarantees sought by Kyiv to future negotiations.
Ukraine would also contribute half of its revenues from infrastructure relevant to the extraction, processing or transportation of its natural resources, but those contributions would not apply to assets that are already part of the Ukrainian government’s budget revenue, such as state-owned oil and gas companies.
According to the final version of the deal obtained by The Associated Press, the United States and Ukraine will establish a co-owned and jointly managed investment fund aimed at financing the reconstruction of Ukraine and its war-damaged economy.
