
Ukraine, US plan to launch minerals investment fund by year's end
"We discussed very concrete steps how to make this fund operational during this year," Ukrainian Economy Minister Yulia Svyrydenko said during a visit to Washington.
"We discussed very concrete steps how to make this fund operational during this year," Ukrainian Economy Minister Yulia Svyrydenko said during a visit to Washington.
"The last step was a diplomatic note from the United States, which I personally received this morning. The Fund is officially launched," Economy Minister Yuliia Svyrydenko said on May 23.
MPs will be able to ask questions and learn more about the details of the agreement in meetings with Economy Minister Yulia Svyrydenko May 6-7, MP Serhii Sobolev told the news outlet Suspilne. The ratification vote is scheduled for May 8.
"Our task is to do this as soon as possible, but it is very difficult to predict it now. I think it will take months, definitely not years," First Deputy Prime Minister Yulia Svyrydenko said.
Ukraine will not accept a peace agreement that would give Russia a chance to regroup for further attacks and sees a full ceasefire as "the necessary first step," Deputy Prime Minister Yuliia Svyrydenko said on April 23.
"It is important that we reaffirm through our agreements the desire of the American people to invest together with the Ukrainian people in a free, sovereign, and secure Ukraine," Deputy Prime Minister and Economic Minister Yuliia Svyrydenko said.
"We have now agreed with the U.S. side to affirm this positive development by a relevant memorandum of intent — we are preparing a formal conclusion of the deal in the near future," Deputy Prime Minister and Economy Minister Yuliia Svyrydenko said.
Ukraine's exports to the U.S. in 2024 amounted to $874 million, including $363 million in cast iron and $112 million in pipes, Economy Minister Yuliia Svyrydenko said.
On Feb. 26, Ukraine's Cabinet of Ministers approved the decision to sign the deal.
Yulia Svyrydenko's comment comes as Kyiv and Washington negotiate a deal for Ukraine’s natural resources in return for support and security guarantees.
Delegations from Saudi Arabia and Ukraine met on Feb. 16 to discuss increased economic ties, ahead of a planned visit by President Volodymyr Zelensky.
"Due to the high adaptability to difficult conditions and experience in responding to such challenges, the Ukrainian economy continued to grow" in June, said Economy Minister Yulia Svyrydenko.
Ukraine exported more than 13 million tons of products totaling $3.3 billion in April, which is higher than volumes for February 2022 before the start of the full-scale invasion, Economy Minister Yulia Svyrydenko said on May 1.
The Ukrainian government is allocating an additional Hr 5 billion (around $128 million) to purchase attack drones for the military, Economy Minister Yuliia Svyrydenko announced on March 18.