The U.S. is pledging $75 million to jump-start the mining and processing of critical minerals in war-torn Ukraine, as well as oil and gas and other infrastructure.
The U.S. International Development Finance Corp. (DFC) on Wednesday announced a $75 million equity commitment to the U.S.-Ukraine Reconstruction Investment Fund to serve as seed capital that will be matched by the Ukrainian government.
“By deploying this initial capital, we aim to catalyze private-sector investments in Ukraine through the fund’s investments, to rebuild critical infrastructure, unlock nature resources and generate economic prosperity for the United States and Ukraine,” Conor Coleman, head of investments at the DFC, said in a statement.
Oleksii Sobolev, Ukraine’s minister of economy, environment and agriculture, added that Ukraine is matching U.S. contributions to finance projects. “Our partnership will de-risk global supply chains and mobilize private capital to anchor Ukraine’s reconstruction and security,” said Sobolev.
