Overview

• Prime Minister Yulia Svyrydenko held her first discussion with U.S. Treasury Secretary Scott Bessent since taking office to firm up the fund’s operational framework.
• The fund’s board will convene in September to greenlight three inaugural reconstruction projects aimed for completion within 18 months.
• Ukraine and the United States agreed to expand the investment mandate to cover defense sector initiatives alongside civilian recovery efforts.
• Officials discussed a comprehensive pact on Ukrainian drone production and potential U.S. weapons procurements to bolster Kyiv’s military capabilities.
• Leaders also reviewed prospects for imposing tougher sanctions on Russia if it fails to advance toward ending the war by a Friday deadline.