Ukraine and the USA are in talks about a joint investment fund, says Shmyhal regarding the agreement on natural resources.

Ukraine and the United States are in discussions about establishing a joint investment fund aimed at enhancing economic development and security.  

This was shared by Ukraine's Prime Minister Denys Shmyhal during a special meeting of YES titled “Three Years – Time to Win,” as reported by Interfax-Ukraine.

According to the Prime Minister, negotiations are underway to create a joint investment fund, with Kyiv planning to invest revenues from critical mineral extraction, while Washington will contribute cash for the development of various sectors.

The Prime Minister emphasized that Ukraine will not consider extracting critical minerals without guaranteed security and a peaceful plan. During the talks with the U.S., the focus is placed on two key aspects: ensuring security and fostering economic cooperation.

“We offer equal conditions for European partners, for G7 partners, meaning for all who have supported Ukraine over these three years,” the Prime Minister noted.

The fund will be divided into two main contributions: Ukraine will invest revenues from critical mineral extraction, while the U.S. will provide cash for investments in security, economic development, and infrastructure in Ukraine. All financial contributions will be allocated approximately equally, 50-50.

This fund will be jointly managed by the governments of Ukraine and the U.S., and the first memorandum of understanding regarding its establishment is already in preparation. Shmyhal stressed that the agreement is not extraordinary and does not contain elements that could be compared to colonial conditions.

The Prime Minister also emphasized that the establishment of the fund does not contradict Ukraine's existing agreements with the European Union and international financial organizations such as the IMF and the World Bank.

Regarding critical minerals, Shmyhal clarified that Ukraine has already explored deposits of 22 out of 30 types of minerals that are important for the EU and has several memorandums with European partners.

Background. Previously, Mind reported that Ukraine has initiated an audit of businessmen who currently hold licenses for the extraction of natural resources. The authorities intend to verify the legality of these licenses, and some of them may be revoked.