Since May 23, the US-Ukrainian Investment Fund has been launched. The Ministry of Economy recalled that on May 13, the Ukrainian government submitted its note, and the US International Development Finance Corporation (DFC) and the state organization "Public-Private Partnership Support Agency" (PPP) signed two commercial partnership agreements.Ukraine's initial contribution to the fund is 50% of the funds that will be received after the agreement enters into force in the form of payments for new and "dormant" licenses and rents for mineral extraction. The agreement became known as the "subsoil agreement" or "minerals agreement". 338 people's deputies voted for its ratification with the required minimum of 226 votes. As Deputy Minister - Trade Representative of Ukraine Taras Kachka explained earlier, the DFC will make the primary contribution to the fund becoming operational.
The fund can invest in mining projects and related infrastructure projects. In addition, the owners of new licenses, according to the intergovernmental agreement, will be obliged to offer it participation in mining projects if they do not have internal resources for this, as well as the products they will receive from the development of these deposits.
Source: https://interfax.com.ua/news/economic/1074257.html
