FOX Business: How US-Ukraine mineral deal opens Ukraine up to US investment

• Maxim Timchenko highlights the potential for U.S.-Ukraine collaboration in the energy sector

After intense negotiations, the United States and Ukraine signed the new "U.S.-Ukraine Reconstruction Investment Fund," which opens avenues for investment in Ukraine’s energy sector. Quoted in FOX Business, DTEK CEO Maxim Timchenko described the deal as a pivotal moment for the country:

"The United States-Ukraine Reconstruction Investment Fund is a significant step forward in the country's recovery from war. It sends a strong signal to the world that Ukraine is open for business and ready to attract international investment."

On Wednesday, U.S. Treasury Secretary Scott Bessent and Ukraine’s Minister of the Economy Yulia Svyrydenko signed the agreement, which outlines a framework for mutual investment in energy projects aimed at rebuilding Ukraine’s economy and enhancing energy independence.

• Shifting focus to untapped potential

Timchenko emphasised the opportunities unlocked by the deal: “This agreement provides the framework to accelerate private investment into an energy sector with some of the largest untapped reserves in Europe.”

DTEK has already established strong partnerships with major U.S. companies, including GE Vernova, Fluence, Honeywell, and Venture Global, on projects ranging from liquefied natural gas (LNG) to grid-scale battery storage. These collaborations position DTEK as a key player in driving private sector engagement under the new agreement.

"I believe that, ultimately, the private sector offers the most effective mechanism to bring this agreement to life by providing skills, capital, and on-the-ground experience," Timchenko said.

• Looking ahead

As Ukraine’s energy sector continues its reconstruction and builds future resilience, the focus remains on fostering sustainable growth through international collaboration. By leveraging the expertise and resources of U.S. companies and financial institutions, Ukraine aims to rebuild its energy infrastructure while securing its economic future.

“I’ve had good conversations with both the Administration and US companies recently and I’ve heard real interest in an energy sector that includes some of the richest oil and gas reserves in Europe,” Timchenko said, “DTEK is ready to work with all parties to translate that interest into action.”

See Caitlin McFall’s original article on FOX Business.