The government has made the decisions necessary to sign an agreement between Ukraine and the United States on the establishment of the Recovery Investment Fund, Prime Minister Denys Shmyhal said.
“The government has made the decisions necessary to sign an agreement between Ukraine and the United States on the establishment of the Recovery Investment Fund,” Shmyhal wrote in a telegram.
According to him, the agreement is based on five key principles.
– Equality. The fund is created on a 50/50 basis and both parties have equal voting rights.
– Retention of control. Ukraine retains full control over subsoil, infrastructure and natural resources.
– New investments, not debts. The agreement does not provide for any debt obligations.
– Guaranteed investors and buyers. The Fund will invest in projects and guarantee commercial purchases of products on a take-or-pay basis.
– Consistency with the European integration course. The agreement will not pose an obstacle to Ukraine’s EU membership.
Shmyhal noted that the Fund will be filled with contributions from the United States and Ukraine. The Fund’s profits will be reinvested exclusively in Ukraine.
“Thanks to this agreement, we will be able to attract significant resources for recovery, start economic growth, and receive the latest technologies from partners and a strategic investor in the United States,” the Prime Minister concluded.
