Ukraine presents first fields for investment projects to US delegation

The US delegation toured titanium and zirconium deposits in Kirovohrad region. Photo: Oleksii Sobolev

In Ukraine, a delegation from the United States has been shown the first deposits that could become start-up projects for the Investment Fund for the Reconstruction of Ukraine.

This was announced by Minister of Economy Oleksii Sobolev.

According to him, a delegation from the U.S. International Development Finance Corporation visited Kirovohrad region to inspect the Byrzuliv Mining and Processing Plant and the Likarivske field. These facilities are considered potential for inclusion in the Fund's project portfolio.

«They produce primarily titanium ore and plan to mine zirconium ore in the future. There are also potential deposits of hafnium, one of the rare earth metals used in nuclear energy, aerospace, and more,» the minister said.

He also stressed that Ukraine is one of the world's key suppliers of titanium, which is in high demand in the US, Europe and Latin America, particularly in the defence and high-tech industries.

The US delegation toured titanium and zirconium deposits in Kirovohrad region. Photo: Oleksii Sobolev

The US delegation toured titanium and zirconium deposits in Kirovohrad region. Photo: Oleksii Sobolev

The US delegation toured titanium and zirconium deposits in Kirovohrad region. Photo: Oleksii Sobolev

As a reminder, Ukraine's Minister of Economy Yuliia Svyrydenko and U.S. Treasury Secretary Scott Bessent signed an agreement between the two countries to create a Recovery Investment Fund.

Kyiv and Washington have agreed to set up an Investment Fund for Ukraine's reconstruction that will attract international investment. Yuliia Svyrydenko noted that the agreement provides for mutually beneficial conditions for both countries.

In turn, Scott Bessent called the agreement «historic». He also noted that the document «clearly signals» to Russia that the administration of US President Donald Trump «is committed to a peace process focused on a free, sovereign and prosperous Ukraine in the long term».