The U.S.–Ukraine Reconstruction Investment Fund (URIF) announced on Mar. 26 that it has approved its first investment, which aims to strengthen Ukraine’s security, boost a key sector for post-conflict recovery, and increase access to advanced technology for the United States and its allies.
The announcement marks an important step in the ongoing economic partnership between the two countries. The fund's initial investment is expected to encourage further private sector involvement in Ukraine's recovery and help bring new technologies to both defense and commercial markets.
According to URIF, its joint U.S.-Ukrainian board of directors has approved an equity investment in Sine Engineering, a company specializing in radio communication control systems for Unmanned Aerial Vehicles (UAVs). This funding will support Sine’s work on hardware and software that enable UAVs to maintain connectivity, navigation, and autonomy even in challenging environments.
Secretary of the Treasury Scott Bessent said, "Today marks another important milestone in advancing the historic agreement that Prime Minister Svyrydenko and I signed less than one year ago to establish the URIF, which gives our nation a direct stake in Ukraine’s long-term peace and prosperity. Both the U.S. and Ukrainian economies stand to benefit from this novel investment partnership. In approving the Fund’s first investment, we are showing the market and the world that the URIF is open for business, catalyzing investment, and delivering on its mandate to build strong foundations for Ukraine’s recovery and future prosperity."
Prime Minister Yulia Svyrydenko said, “Ukraine prioritises projects that bring in additional investment and have a real impact on the economy. The Fund is part of a long-term partnership with the United States that brings together investment, technology, and security. Today’s decision marks the first significant step in that direction. Priority sectors include energy, dual-use manufacturing, infrastructure, and critical minerals.”
DFC CEO Ben Black added: "A year ago, URIF was only a concept. Thanks to President Trump’s leadership, DFC and our partners at Treasury are today announcing our first investment. This is a testament to our ability to move at the pace of the private sector and deploy flexible and innovative financing structures to support Ukraine’s recovery by supporting economic growth. Investing in Ukraine is key to stabilizing the region and will advance economic and national security for both of our countries.”
The fund was established in April 2025 as part of efforts by U.S., Ukrainian officials—supported by American talent—to mobilize private capital into strategic investments focused on supply chain resilience as well as shared economic security.
