Ukraine is proposing an expansion of the investment mandate of the American-Ukrainian Reconstruction Investment Fund to support projects in the defense industry.

This was stated in a press release from the Ministry of Economy following a meeting between Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, and Conor Coleman, head of the investment division of the U.S. International Development Finance Corporation (DFC).

The American side expressed openness to this collaboration, considering the strategic importance of this area.

A specific focus of the discussions was on insurance mechanisms for military risks. Both parties agreed that this is a necessary condition for attracting private American businesses.

DFC, for its part, confirmed its readiness to expand insurance programs for companies operating in Ukraine.

"Currently, the fund prioritizes projects in critical raw materials, oil, and gas. I am confident that together we can attract investments and new technologies for the effective operation of the fund," Svyrydenko stated.