Yuliia Svyrydenko, the Minister of Economy of Ukraine, in an interview with RBK-Ukraine (jointly with other members of the negotiating team that worked on the agreement), explained how the Investment Fund would work in the framework of the Minerals Agreement between Ukraine and the US.
She notes that over the next 10 years, the Fund will invest in Ukraine in projects related to critical materials, oil, gas, as well as infrastructure (ports and terminals).
In Washington, Yuliia Svyrydenko signed just one agreement on the creation of the Fund. It is to be ratified on Thursday, May 8. The remaining agreements will be commercial in nature and will no longer be signed by the government. On the Ukrainian part, the signatory is the Agency for the Support of Public-Private Partnerships (PPP), on the US part, the signatory is the International Development Finance Corporation (DFC).
The document provides profit distribution only after 10 years; until that moment, there will be only investments and only in Ukraine. At the moment of signing, shares in the Fund in Ukraine and the United States are the same: 50/50. Further, there is an opportunity to make additional contributions.
On April 30, Ukraine and the United States signed an agreement on economic cooperation, which provides for the creation of the Investment Fund. To launch it, it will be necessary to sign two more documents, the drafts of which are still being prepared. Just on May 8, the text of the agreement is expected to be ratified by the Supreme Council of Ukraine.
Previously, USM reported that in the framework of the old agreement on minerals, Donald Trump wanted full control over Ukrainian ports.
Source: https://usm.media/fond-vidbudovi-iz-ssha-mozhe-ohoplyuvati-investiczi%D1%97-v-ukra%D1%97nski-porti/