The joint U.S.-Ukraine reconstruction fund has approved its first investment project, selecting Sine Engineering, a Lviv-based duel-use technology producer that operates in communications and navigation.
Ukrainian Prime Minister Yulia Svyrydenko announced the investment, the first since the fund was set up, on Wednesday. Sine Engineering tech, she said, is used by roughly 150 Ukrainian manufacturers of drones and interceptor systems.
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“The U.S.-Ukraine Reconstruction Investment Fund is part of our strategic partnership with the United States,” Svyrydenko said. “Its successful operation demonstrates that Ukraine offers unique expertise and technologies and can be as a successful business case.”
The fund, which was established as part of a minerals deal signed between the U.S. and Ukraine in April of last year, was created after the infamous Oval Office showdown between Ukrainian President Volodymyr Zelensky and President Donald Trump and Vice President JD Vance.
“Today marks another important milestone in advancing the historic agreement that
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