Latest news with #Svyrydenko
Yahoo
23-05-2025
- Business
- Yahoo
Ukraine and US launch Reconstruction Fund under minerals deal
Yulia Svyrydenko, Ukraine's Deputy Prime Minister and Minister of Economy, announced the completion of all procedures for the launch of the US-Ukraine Reconstruction Fund. Source: Yulia Svyrydenko on X (Twitter), as reported by European Pravda Details: Svyrydenko confirmed the final step, a diplomatic note from the United States, which she received on Friday morning from US Chargé d'Affaires Julie S. Davis. "The fund is now officially launched," Svyrydenko said. She noted that the agreement establishes a true partnership based on equality, respect for Ukraine's national interests and joint management with the United States. "The Fund is a symbol of long-term strategic commitment. Together, Ukraine and the United States will invest in the recovery and growth of our country – on terms that protect our sovereignty and empower our future," Svyrydenko wrote. Background: On 8 May, the Verkhovna Rada (Ukrainian Parliament) voted to ratify the agreement on establishing a joint investment fund between Ukraine and the United States. All 338 MPs voted in favour, with none of them abstaining or voting against ratification. On 13 May, Ukraine signed two commercial agreements with the US International Development Finance Corporation to advance the ratified agreement on the fund's creation. Support Ukrainska Pravda on Patreon!
United News of India
14-05-2025
- Business
- United News of India
Ukraine notifies U.S. of finalising natural resources deal
Kiev, May 14 (UNI) Ukraine on Tuesday delivered to the United States an official note confirming the completion of its internal procedures for a bilateral natural resources deal, which would establish a joint investment fund for Ukraine's reconstruction, the Interfax-Ukraine news agency reported. Ukrainian First Deputy Prime Minister and Economy Minister Yulia Svyrydenko handed over the note to Julie Davis, charge d'affaires a.i. at the U.S. embassy in Kiev. The agreement to establish the fund, which will be partially financed by new royalties on Ukraine's mineral resources, gas and oil, was signed on April 30 in Washington, D.C. by Svyrydenko and U.S. Treasury Secretary Scott Bessent. According to Svyrydenko, both countries will co-manage and co-finance the fund, while Ukraine would maintain ownership and complete control over its mineral and energy resources. UNI XINHUA ARN
Korea Herald
14-05-2025
- Business
- Korea Herald
Ukraine completes steps for minerals deal with US, deputy prime minister says
Ukraine has concluded procedures for implementation of a deal with the United States on exploiting minerals, including the operation of an investment fund, the country's first deputy prime minister said on Tuesday. Yulia Svyrydenko gave few details of the latest step in securing approval of the accord, promoted by US President Donald Trump, but it was known that two additional documents were drawn up as part of its implementation. "Another milestone on the path to launching the US-Ukraine Reconstruction Investment Fund: Ukraine has completed all necessary procedures on schedule," Svyrydenko wrote in English on social media. She said a note certifying completion of the process had been handed to interim US Charge d'Affaires Julie Davis. "These are equal agreements — forward-looking, aligned with Ukraine's national interests, and structured to ensure investment flows exclusively into Ukraine's recovery and growth," Svyrydenko wrote. After weeks of tough negotiations following a shouting match between President Volodymyr Zelenskyy and Trump in the Oval Office, Svyrydenko signed the minerals agreement in Washington and it was ratified last week by the Ukrainian parliament. After that vote, Svyrydenko described the accord as "not merely a legal construct — it is the foundation of a new model of interaction with a key strategic partner." The minerals agreement hands the US preferential access to new Ukrainian minerals deals and sets up the investment fund, which could be used for the reconstruction of Ukraine for the first 10 years. Ukraine also sees the deal as a way to unlock supplies of new US weapons, especially additional Patriot air defence systems it sees as vital to protect against Russian air attacks. Zelenskyy hailed the reworked draft of the agreement as a marked improvement over earlier versions that some critics in Ukraine had denounced as "colonial." The accord also acknowledges Ukraine's bid to join the European Union. (Reuters)
Mint
13-05-2025
- Business
- Mint
Ukraine completes steps for minerals deal with US, deputy prime minister says
May 13 - Ukraine has concluded procedures for implementation of a deal with the United States on exploiting minerals, including the operation of an investment fund, the country's first deputy prime minister said on Tuesday. Yulia Svyrydenko gave few details of the latest step in securing approval of the accord, promoted by U.S. President Donald Trump, but it was known that two additional documents were drawn up as part of its implementation. "Another milestone on the path to launching the United States-Ukraine Reconstruction Investment Fund: Ukraine has completed all necessary procedures on schedule," Svyrydenko wrote in English on social media. She said a note certifying completion of the process had been handed to interim U.S. Charge d'Affaires Julie Davis. "These are equal agreements — forward-looking, aligned with Ukraine's national interests, and structured to ensure investment flows exclusively into Ukraine's recovery and growth," Svyrydenko wrote. After weeks of tough negotiations following a shouting match between President Volodymyr Zelenskiy and Trump in the Oval Office, Svyrydenko signed the minerals agreement in Washington and it was ratified last week by the Ukrainian parliament. After that vote, Svyrydenko described the accord as "not merely a legal construct — it is the foundation of a new model of interaction with a key strategic partner." The minerals agreement hands the United States preferential access to new Ukrainian minerals deals and sets up the investment fund, which could be used for the reconstruction of Ukraine for the first 10 years. Ukraine also sees the deal as a way to unlock supplies of new U.S. weapons, especially additional Patriot air defence systems it sees as vital to protect against Russian air attacks. Zelenskiy hailed the reworked draft of the agreement as a marked improvement over earlier versions that some critics in Ukraine had denounced as "colonial." The accord also acknowledges Ukraine's bid to join the European Union. This article was generated from an automated news agency feed without modifications to text.
Yahoo
13-05-2025
- Business
- Yahoo
Ukraine completes steps for minerals deal with US, deputy prime minister says
(Reuters) - Ukraine has concluded procedures for implementation of a deal with the United States on exploiting minerals, including the operation of an investment fund, the country's first deputy prime minister said on Tuesday. Yulia Svyrydenko gave few details of the latest step in securing approval of the accord, promoted by U.S. President Donald Trump, but it was known that two additional documents were drawn up as part of its implementation. "Another milestone on the path to launching the United States-Ukraine Reconstruction Investment Fund: Ukraine has completed all necessary procedures on schedule," Svyrydenko wrote in English on social media. She said a note certifying completion of the process had been handed to interim U.S. Charge d'Affaires Julie Davis. "These are equal agreements — forward-looking, aligned with Ukraine's national interests, and structured to ensure investment flows exclusively into Ukraine's recovery and growth," Svyrydenko wrote. After weeks of tough negotiations following a shouting match between President Volodymyr Zelenskiy and Trump in the Oval Office, Svyrydenko signed the minerals agreement in Washington and it was ratified last week by the Ukrainian parliament. After that vote, Svyrydenko described the accord as "not merely a legal construct — it is the foundation of a new model of interaction with a key strategic partner." The minerals agreement hands the United States preferential access to new Ukrainian minerals deals and sets up the investment fund, which could be used for the reconstruction of Ukraine for the first 10 years. Ukraine also sees the deal as a way to unlock supplies of new U.S. weapons, especially additional Patriot air defence systems it sees as vital to protect against Russian air attacks. Zelenskiy hailed the reworked draft of the agreement as a marked improvement over earlier versions that some critics in Ukraine had denounced as "colonial." The accord also acknowledges Ukraine's bid to join the European Union. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
