US-Ukraine Reconstruction Fund Draws 282 Applications in First Year

Prime Minister Yulia Svyrydenko said the fund, launched under the US-Ukraine “minerals deal,” has attracted applications from more than 15 countries, with energy projects leading the list. Make us preferred on Google Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied In this handout photograph posted on the official Facebook account of Ukraine’s Deputy Prime Minister Yulia Svyrydenko late on April 30, 2025, US Treasury Secretary Scott Bessent (L) and Ukraine’s Deputy Prime Minister Yulia Svyrydenko (R) attend a ceremony to sign a minerals deal, in Washington DC. (Photo by Handout / Facebook / @yulia.svyrydenko / AFP) Content Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied Flip Make us preferred on Google One year after the launch of the US-Ukraine Reconstruction Investment Fund, Prime Minister Yulia Svyrydenko said on X that the initiative has received 282 applications from more than 15 countries. The fund, known as URIF, was created under the so-called “minerals deal,” which laid the foundation for a new model of long-term economic partnership between Kyiv and Washington. Follow our coverage of the war on the @Kyivpost_official . More than half of the applications came from Ukrainian companies, Svyrydenko said, pointing to strong domestic interest in rebuilding and modernizing Ukraine’s economy. The largest share of applications was in the energy sector, accounting for more than a quarter of all submissions. Transport and logistics, critical minerals, and advanced strategic technologies were also among the leading areas of interest. URIF is managed jointly by the US International Development Finance Corporation and the Ukrainian government. Its initial capital totals $150 million, with the fund expected to reach $200 million by the end of 2026. In March, URIF approved its first investment in Sine Engineering, a Lviv-based Ukrainian dual-use technology company developing communications and navigation systems for UAVs. An online portal for submitting investment projects to the fund was launched earlier this year at urifinvest.com. Kyiv Post is Ukraine’s first and oldest English news organization since 1995. Its international market reach of 97% outside of Ukraine makes it truly Ukraine’s Global – and most reliable – Voice.