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2d ago

Ukraine Ratifies U.S. Reconstruction Fund Agreement, Setting Stage for Defense Aid

The unanimous parliamentary vote establishes a framework for global investment in Ukraine's recovery and links future U.S. military assistance to the deal.

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Ukrainian First Deputy Prime and Economy Minister Yulia Svyrydenko speaks with Reuters, amid Russia's invasion of Ukraine, in Kyiv, Ukraine February 1, 2024. REUTERS/Sergiy Voloshin/File Photo
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskiy at the White House in Washington, D.C., U.S., February 28, 2025. REUTERS/Brian Snyder/File Photo
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Overview

  • Ukraine's parliament ratified the U.S.-Ukraine Reconstruction Investment Fund agreement with a unanimous 338-0 vote on May 8.
  • The agreement provides the U.S. with preferential access to Ukrainian mineral resources and prioritizes global investments for Ukraine’s post-war recovery over the next decade.
  • The ratification is expected to unlock additional U.S. military aid, including air defense systems critical to Ukraine’s defense against Russian aggression.
  • Editorial amendments clarified that the ratification does not automatically approve subsequent agreements, addressing concerns over governance and transparency.
  • Vice Prime Minister Yuliia Svyrydenko emphasized the deal’s balanced and equitable terms, with decisions to be made by consensus and no debt obligations for Ukraine.