A total of 138 investment applications have already been submitted through the Investment Portal, of which 22 projects were selected by the screening committee for further review. Eight of them, which demonstrate the highest level of readiness, have been included in the fund’s first investment portfolio.
The largest share of applications submitted in February came from the energy and energy security sector, accounting for 62% of the total. Transport and logistics infrastructure represented 16%, critical minerals accounted for 12%, and advanced technologies and telecommunications made up 8%. The submission and evaluation of new projects are ongoing.
The URIF was established in April 2025 following the signing of a corresponding agreement between the administration of US President Donald Trump and Ukraine. Over the following nine months, both sides contributed $75 million each to the fund’s share capital.
In mid-November 2025, the international consulting group Alvarez & Marsal was appointed as the fund’s investment advisor. On December 18, following the second meeting of the Board of Directors, URIF announced its readiness to begin operational activities and review the first investment projects in 2026 through a specially launched online portal.
Earlier, on February 13, 2026, Ukraine’s Prime Minister Yulia Svyrydenko reported that during the first month of accepting applications the fund received more than 60 project proposals, including 37 submitted by Ukrainian companies.
Additional confirmation that the fund is entering its operational phase came this week in Luxembourg, where Jonathan Taylor, head of the DFC legal team for direct investments and investment funds, spoke during the fourth Ukraine Resilience Business Forum, organized by the Luxembourg–Ukraine Chamber of Commerce. He stated that the fund aims to complete approximately three investments by the end of the year, with the first deals potentially approved by mid-2026.
An important source of funding for URIF is revenue generated from new and so-called “dormant” licenses, as well as royalty payments from the extraction of natural resources. Under the agreements, Ukraine committed to transferring 50% of such revenues to the fund after the agreement commonly referred to as the “minerals deal” entered into force.
The first actual revenues under this mechanism appeared at the end of 2025. In particular, on December 3 and December 11, the State Service of Geology and Subsoil of Ukraine conducted three successful auctions for special permits to develop oil and gas fields. The total proceeds amounted to UAH 1.4039 billion, half of which is expected to be transferred to URIF.
