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Ukraine is preparing to launch the first investments under the American-Ukrainian Reconstruction Investment Fund in 2026, following the completion of technical procedures this year. This was announced by Ukraine’s Minister of Economy, Environment and Agriculture, Oleksiy Sobolev, during a press briefing on September 17.
Minister Sobolev outlined the timeline for the fund’s operational launch, emphasizing that the goal is to move from agreements to the implementation of three pilot investments by the end of 2026.
“We are working according to a strict schedule to transition from agreements to the realization of three pilot projects by the end of 2026. The planned steps for this year include: signing contracts with the Fund administrator and investment advisor by the end of October; opening bank accounts and establishing a subsidiary company in Ukraine by mid-November to ensure the proper tax and currency framework; approving investment protocols, including due diligence procedures, jointly with the administrator, advisor, and DFC by the end of November; and beginning to build the project portfolio in December,” Sobolev explained.
He added that a public website for the Fund will also launch in December, allowing Ukrainian businesses to submit projects for consideration. Priority sectors include critical minerals, processing, infrastructure, and energy, with particular U.S. attention on gas-related projects.
“The American side is considering all territories controlled by Ukraine. They have inspected potential sites in Kirovohrad and Zhytomyr regions. The geographical scope covers the entire country without exclusions. Naturally, during investment assessments, risks and insurance conditions for each project will be evaluated. This is standard practice, and investment decisions will be made at that stage,” Sobolev said.
Over the past week, a DFC delegation, together with the U.S. Embassy in Ukraine, conducted meetings with Ukrainian businesses and visited several regions, including Kirovohrad, to evaluate local investment opportunities.
Answering journalists’ questions, the minister noted that no new visits are currently planned in Ukraine, but meetings with U.S. partners are scheduled in October in the United States.
These developments follow the recent initial $75 million investment commitment by the U.S. Development Finance Corporation (DFC), which will be matched by Ukraine, creating a total starting capital of $150 million for the Fund.
The American-Ukrainian Reconstruction Investment Fund will channel funds into projects in natural resources, oil and gas, ports, and related infrastructure, supporting Ukraine’s economic recovery and long-term development.
