Headlines
Ukraine-US fund approves investment policies as it eyes first projects in 2026
Published by Global Banking and Finance Review
Posted on December 18, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 18, 2025
2 min readLast updated: January 20, 2026
The Ukraine-US reconstruction fund has approved its investment policies, targeting its first projects in 2026, focusing on critical minerals and energy.
KYIV, Dec 18 (Reuters) - The Ukraine-U.S. reconstruction fund, established as part of the minerals deal the two countries signed in April, on Thursday approved its asset policies and is poised to begin reviewing its first investment opportunities in 2026, the U.S. governmental body overseeing the fund said.
The Development Finance Corporation (DFC) said in a statement that the fund's second meeting "reached final consensus necessary to bring the fund to full operational status".
Potential deals could focus on critical minerals extraction and energy development as well as on maritime infrastructure, the DFC said.
Kyiv signed the minerals deal in April after months of pressure from President Donald Trump, giving the United States preferential access to new Ukrainian minerals projects in exchange for investment. Ukraine signed in the hope of winning Trump's backing as it repels Russia's nearly four-year-old full-scale invasion.
In autumn, a U.S. team travelled to Ukraine for consultations and visited some sites of potentially promising projects.
Ukraine has deposits of 22 of 34 minerals considered critical by the EU for industries such as defence, high-tech appliances and green energy. However, most of the sites have not been fully assessed and they will need significant funding to be developed.
(Reporting by Yuliia Dysa; Editing by Hugh Lawson)
The Ukraine-U.S. reconstruction fund is a financial initiative established to support Ukraine's reconstruction efforts, particularly in critical minerals extraction and energy development, following the minerals deal signed with the U.S.
Critical minerals are essential raw materials necessary for various industries, including defense, high-tech appliances, and green energy. Ukraine has deposits of many minerals considered critical by the EU.
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