US Treasury Department announced on Wednesday agreement to establish US-Ukraine Reconstruction Investment Fund

This agreement signals clearly to Russia that the Trump administration is committed to a peace process centered on a free, sovereign and prosperous Ukraine over the long term,

Bessent said

Donald Trumppresident

The American presence will, I think, keep a lot of bad actors out of the country or certainly out of the area where we're doing the digging,

Trump said at the cabinet meeting

Together with the United States, we are creating the Fund that will attract global investment to our country,

she said in a post on X after the signing

Denys Shmyhalprime Minister

Truly, this is a strategic deal for the creation of an investment partner fund,

said Prime Minister Denys Shmyhal

Dmitry Peskovkremlin spokesman

We realize that Washington wants to achieve quick progress, but we hope for understanding that the Ukrainian crisis settlement is far too complex to be done quickly,

Peskov said during his daily conference call with reporters

Tammy Brucedepartment spokeswoman

We are now at a time where concrete proposals need to be delivered by the two parties on how to end this conflict,

department spokeswoman Tammy Bruce quoted Secretary of State Marco Rubio as telling her

This economic partnership positions our two countries to work collaboratively and invest together to ensure that our mutual assets, talent, and capabilities can accelerate Ukraine's economic recovery,

the department said in a press release

The Ukrainians decided last night to make some last-minute changes,

Bessent said when asked about reports that

Ukraine retains full control over its subsoil, infrastructure and natural resources,

he said

The fund's profits will be reinvested exclusively in Ukraine,

he said

In addition to direct financial contributions, it may also provide NEW assistance – for example, air defence systems for Ukraine,

she said

I wanted to be protected,

he said,

Thanks to President Trump's tireless efforts to secure a lasting peace, I am glad to announce the signing of today's historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund,

Scott Bessent said

Under the leadership of President Donald J. Trump, the Treasury Department and the U.S. International Development Finance Corporation (DFC) will work together with the Government of Ukraine to finalize program governance and advance this important partnership,

it further added