Overview

• The U.S. and Ukraine signed a long-awaited agreement on May 1, 2025, creating a jointly managed Reconstruction Investment Fund focused on Ukraine's critical resources and postwar rebuilding.
• The agreement covers 55 key minerals, including lithium, uranium, and titanium, while affirming Ukraine’s sovereignty over its subsoil rights and extraction decisions.
• For the first decade, all profits from the fund will be reinvested in Ukraine’s reconstruction rather than distributed to the partners.
• The deal allows future U.S. contributions, including potential military assistance, to be counted as fund inputs but does not include explicit security guarantees for Ukraine.
• Provisions in the agreement ensure compatibility with Ukraine’s EU accession goals, addressing concerns about potential conflicts with European integration requirements.