The updated agreement does not grant the US full ownership of the joint fund with Ukraine, but it lacks clear security guarantees.
Source: text of the agreement dated 24 February, which is available to Economichna Pravda
Details: The document is set to be signed by Ukraine’s Foreign Minister Andrii Sybiha and US Secretary of State Marco Rubio. According to the agreement, the US and Ukraine will establish an Investment Reconstruction Fund.
The revised agreement removes the clause that granted the US 100% control over the commercial fund. Under the new wording, the US will hold the maximum financial share in the fund permitted by US law.
Ukraine and the US will determine their joint ownership of the fund based on their actual contributions. Both countries will co-manage the fund, but the US will retain decision-making authority within the framework of its legislation.
