The project sourcing committee for the American-Ukrainian Reconstruction Investment Fund (URIF) has selected eight high-readiness projects, forming an investment portfolio with an estimated value of $1.2 billion, the Ministry of Economy, Environment, and Agriculture of Ukraine reported.

According to data released on 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 processing.

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 based on an agreement between the governments of Ukraine and the United States. Its authorized capital consists of equal contributions from both parties—$75 million from the U.S. via the U.S. International Development Finance Corporation (DFC) and $75 million from Ukraine. The total initial capital amounts to $150 million.

The Fund’s management structure includes a Steering Board and four specialized committees: investment, audit, administrative, and project sourcing. The company Alvarez & Marsal (A&M) serves as the Fund’s investment advisor.

As reported, in its initial years of operation, URIF plans to prioritize equity and equity-like investments.

Ukraine has further committed to transferring 50% of the funds received after the agreement enters into force—specifically fees for new and "dormant" licenses and mineral extraction royalties—to the fund. This arrangement has become known as the "subsoil agreement" or the "mineral resources 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 reached UAH 1 billion 403.9 million, half of which will be allocated to the URIF.