Ukraine and USA draft new recovery fund, skipping past aid

• Recovery Fund Agreement: The new agreement between Ukraine and the USA will not cover assistance provided before its signing. Prime Minister Denys Shmyhal emphasized that the document must be in line with Ukraine's European commitments.
• Russian Assets: Ukraine plans to use frozen Russian assets and introduce a special tariff on the import of Russian goods to fund recovery efforts.
• Financial Support: Ukraine has secured financing for the year 2025, including covering a budget deficit of $39 billion.

The Prime Minister of Ukraine, Denys Shmyhal, stated that the Economic Partnership and Recovery Fund Investment Agreement with the USA is being prepared. The document will not include assistance provided by the United States before its signing. Shmyhal noted that the agreement must comply with Ukraine's European commitments and cannot violate the country's constitution.

Ukraine plans to use frozen Russian assets and introduce a special tariff on the import of Russian goods. Prime Minister Shmyhal described this as an "economic mechanism of reparations," which allows actions without waiting for political changes in Russia. Thanks to the mechanism proposed by the G7 countries, Ukraine has already confirmed $50 billion in revenues from frozen assets.

Ukraine has secured financing for 2025, including covering a budget deficit of $39 billion. The main sources are the IMF program, the EU's Ukraine Facility program, and revenues from frozen Russian assets. Prime Minister Shmyhal emphasized that efforts are ongoing to attract new resources and technologies for economic growth after the war.