Overview

• The U.S.-Ukraine Reconstruction Investment Fund has started work and is assembling initial projects in critical minerals, energy, and infrastructure.
• Officials said a few outstanding decisions remain before the fund becomes fully operational.
• In Washington talks, Treasury Secretary Scott Bessent said the United States will work with G7 partners to significantly escalate pressure on Russia.
• Bessent urged European allies to tighten measures against countries that finance Russia through purchases of its oil.
• The meeting also addressed Europe’s energy security as Ukraine coordinates defense, sanctions, and financial support during its U.S. visit.