Ukrainian PM to hold talks in Washington from April 21 to sign agreement on creation of Reconstruction Investment Fund with USA by April 26 – memo

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Ukrainian Prime Minister Denys Shmyhal will visit Washington during the week starting April 21, 2025, to meet with Secretary of the U.S. Department of the Treasury Scott Bessent and provide high-level support for the completion of technical discussions on the terms of the agreement on the creation of a Reconstruction Investment Fund.

"Negotiating teams are expected to report on the progress by the April 26, 2025, with the aim of completing discussions by that date and signing as soon as possible," reads the Memorandum of Intent between the Government of the United States of America and the Government of Ukraine to finalize formal agreement on economic partnership and Reconstruction Investment Fund published on the website of the Ukrainian government on Friday and signed earlier by First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko and Bessent.

According to the document, the United States of America and Ukraine intend to establish a reconstruction investment fund as part of an economic partnership between the two peoples and governments and have held highly productive technical discussions in Washington, D.C. as recently as April 11-12, 2025.

According to the memorandum, the United States of America has provided significant financial and material support Ukraine since Russia's full-scale invasion of Ukraine in February 2022; the American people desire to invest alongside the Ukrainian people in a free, sovereign and secure Ukraine; the United States of America and Ukraine desire a lasting peace in Ukraine and a durable partnership between their two peoples and governments; the United States of America and Ukraine recognize the contribution that Ukraine has made to strengthen international peace and security by voluntarily relinquishing the world's third largest arsenal of nuclear weapons.

"The United States respects Ukraine s intention to avoid conflicts in the drafting of the agreement with Ukraine's obligations under European Union accession or agreements with international financial institutions and other official creditors," reads the document.

Without prejudice to any remaining political or legal procedures required to complete the arrangement, Ukrainian Prime Minister Shmyhal will visit Washington.

"As evidenced by the signatures set forth below, the Government of the United States and the Government of Ukraine enter into this Memorandum of Intent to work expeditiously towards the completion of the necessary documents in order to finalize the agreement forging an economic partnership between the American and Ukrainian peoples and establishing a reconstruction investment fund," the document said.

As reported, U.S. President Donald Trump said the day before that the agreement could be signed next Thursday, April 25, and Svyrydenko noted that this agreement would be subject to ratification by the parliaments of both countries. Next week, the so-called Spring Meetings of the International Monetary Fund and the World Bank will also be held in Washington, where the Ukrainian delegation will work, headed by Finance Minister Serhiy Marchenko and NBU Governor Andriy Pyshnyy. The seventh ministerial roundtable on support for Ukraine will be held within their framework.