Ukraine and the American International Development Finance Corporation announced that the US has made the first contribution of $ 75 million to a joint investment fund, which was established within the framework of the deal between Washington and Kiev for Ukrainian natural resources, Ukrinform reported, quoted by BTA.
The economic agreement on the development of Ukraine's natural resources was signed on April 1 of this year. The agreement provides for the creation of an Investment Fund for the Reconstruction of Ukraine, which will attract global investments, UNIAN agency recalls. The share of Ukraine and the US in the Fund is 50:50 percent. In addition, the fund will receive 50 percent of the profits and dividends that accrue to the Ukrainian state from new permits for the extraction of minerals in Ukraine. Full control over Ukraine's subsoil remains with Kiev.
"The Investment Fund for Recovery begins its operational work - the first installment has already been made", Ukrainian Prime Minister Yulia Sviridenko wrote today on "Telegram". "The American International Development Finance Corporation has made an investment commitment... in the amount of $75 million, and Ukraine will double this contribution," Sviridenko added.
"Thus, we are forming the starting positions of the Investment Fund for Recovery with a total amount of $150 million. This is another important step in the process of launching the full-fledged functioning of the fund, and from today we can announce that operational work has begun," the Ukrainian Prime Minister summarized.