The United States and Ukraine have reached an agreement on establishing the joint Reconstruction Investment Fund, which, according to the Ukrainian government, is part of a broader minerals deal between the two countries, the US Treasury Department said.
The Treasury and the US International Development Finance Corporation will work with the Ukrainian government to finalize "program governance and advance this important partnership," the statement added.
"This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term," US Treasury Secretary Scott Bessent claimed.
At the same time, Bessent added that no state or person that allegedly financed the Russian military-industrial complex will be allowed to participate in the restoration of Ukraine.