Summary

The U.S. and Ukraine signed a bilateral agreement on February 25, 2025, establishing a Reconstruction Investment Fund to finance Ukraine’s rebuilding efforts.

The deal acknowledges that the U.S. has provided significant financial and material support to Ukraine since “Russia’s full-scale invasion in 2022.”

It outlines joint management and investment in Ukrainian natural resources, with Ukraine contributing 50% of future revenue from minerals, oil, and gas.

A more detailed Fund Agreement will follow, requiring ratification by Ukraine’s parliament. U.S. officials stress negotiations are ongoing.