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Ukraine's PM speaks to US Treasury Secretary about investment fund
Published by Global Banking & Finance Review®
Posted on August 5, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on August 5, 2025
2 min readLast updated: January 22, 2026
Ukraine's PM and US Treasury Secretary discussed an investment fund's projects and potential defense sector expansion.
(Reuters) -Ukraine's prime minister said on Tuesday that she and U.S. Treasury Secretary Scott Bessent had discussed prospects for completing the first three projects of a new investment fund within its first 18 months of operation.
Yulia Svyrydenko, the main driving force behind the creation of the fund, said she and Bessent had discussed the fund's operations and "continuing and strengthening cooperation in the defense and investment sectors".
"We are working on expanding its mandate so that the fund can also invest in the defense sector," Svyrydenko wrote in English on the X social media platform.
"The first meeting of the board of directors is scheduled for September. The task is to launch the first three projects within 18 months."
Svyrydenko was speaking to Bessent for the first time as prime minister since her appointment last month. As first deputy prime minister, she had signed the agreement setting up the fund in April as part of an accord, heavily promoted by U.S. President Donald Trump, to develop Ukraine's mineral resources.
In her comments, Svyrydenko also said she and Bessent had discussed a potential broad defence agreement that Ukrainian President Volodymyr Zelenskiy has cited regarding production and sale of Ukrainian drones.
They also discussed the prospect of imposing tougher sanctions on Russia, a measure Ukraine has long sought. Trump has warned Russia that he will introduce more sanctions on Moscow if it does not make more progress on ending the war before a deadline set for Friday.
(Reporting by Ron Popeski and Oleksandr Kozhukhar; Editing by Sandra Maler)
Ukraine's Prime Minister Yulia Svyrydenko discussed the new investment fund's operations and the potential for expanding its mandate to include defense sector investments.
The first meeting of the board of directors is scheduled for September, with the aim to launch the first three projects within 18 months.
Svyrydenko and Bessent discussed a potential broad defense agreement related to the production and sale of Ukrainian weapons.
They discussed the prospect of imposing tougher sanctions on Russia, a measure that Ukraine has long sought.
Yulia Svyrydenko is the Prime Minister of Ukraine and was the main driving force behind the creation of the new investment fund.
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