Ukraine completes domestic procedures to launch US-Ukraine Reconstruction Investment Fund

The U.S. Embassy in Ukraine said this in a post on social media platform X, according to Ukrinform.

"Today, I met with Yulia Svyrydenko. She delivered Ukraine's official note confirming completion of its internal procedures for the U.S.-Ukraine Reconstruction Investment Fund. We welcome this important step and look forward to moving ahead together," the diplomat said.

On April 17, Ukraine and the United States signed a memorandum confirming their shared intention to conclude a mutually beneficial economic partnership agreement.

On April 30, the two countries signed an agreement to establish the Reconstruction Investment Fund. The following day, the text of the agreement was made public.

On May 12, President Volodymyr Zelensky signed the law ratifying the agreement on the establishment of the U.S.-Ukraine Reconstruction Investment Fund.

Subsequently, the Verkhovna Rada passed at first reading Bill No. 13256 "On the Introduction of Amendments to the Budget Code of Ukraine Regarding the Implementation of the Agreement between the Government of Ukraine and the Government of the United States of America."

Photo: @Svyrydenko_Y