The Project Search Committee of the American–Ukrainian Reconstruction Investment Fund (URIF) has selected eight highly prepared projects that have formed an investment portfolio with an estimated value of $1.2 billion, the Ministry of Economy, Environment and Agriculture of Ukraine reported.
According to the ministry’s website on Monday, a total of 138 applications were submitted through the investment portal during this period. Following the committee’s review, 22 initiatives were selected for further development.
In February, the largest share of applications came from the energy and energy security sector — 62%. Projects in transport and logistics infrastructure accounted for 16%, critical minerals for 12%, and advanced technologies and telecommunications for 8%.
The American–Ukrainian Reconstruction Investment Fund was established under an agreement between the Government of Ukraine and the Government of the United States. Its authorized capital was formed from equal contributions of both parties — $75 million from the United States through the U.S. International Development Finance Corporation (DFC) and $75 million from Ukraine. The total initial capital amounts to $150 million.
The Fund’s governance structure includes a Governing Board and four профиль committees: investment, audit, administrative, and project search. The Fund’s investment advisor functions are performed by Alvarez & Marsal (A&M).
As previously reported, in its first years of operation URIF plans to prioritize equity investments and equity-like instruments.
Ukraine has also committed to transferring to the Fund 50% of the revenues received after the agreement enters into force in the form of fees for new and “dormant” licenses and royalties from the extraction of mineral resources. The agreement became known as the “subsoil agreement” or the “minerals agreement.”
On December 3 and 11, 2025, the State Service of Geology and Subsoil of Ukraine (Derzhgeonadra) held three successful auctions for special permits to use oil and gas fields. The total sale price amounted to UAH 1.4039 billion, half of which will be allocated to the Fund.
