FOREIGN INVESTMENTS AS A FACTOR IN POST-WAR ECONOMIC RECONSTRUCTION OF UKRAINE

An analysis of the state of attracting foreign investments in the post-war reconstruction of energy and other social facilities of Ukraine damaged and destroyed by the aggressor country, russian federation, has been carried out. It is substantiated that effective ways of investing funds and material resources by foreign investors in the restoration of Ukrainian critical infrastructure, educational and medical institutions, civil and military industrial enterprises should be used to conclude agreements on minerals, create investment funds, make investments by foreign labor migrants, programs similar to the “Marshall Plan”, as well as foreign direct investments. The content of the memorandum of intent between Ukraine and the United States on the preparation of an official agreement on economic partnership and an investment fund for reconstruction, as well as the agreement itself on the creation of an investment fund dated April 30, 2025, was analysed. It was established that, unlike the memorandum, it contains not only intentions to use the basic principles of joint investment activities, but also obligations of the parties to their implementation and the need for the United States of America to provide Ukraine and its foreign investors with guarantees of the safety of work on the reconstruction of energy, logistics and other infrastructure, although they also require more specific formulation. It is argued that both the Memorandum and the Agreement provide for mutually beneficial conditions for Ukraine and the United States in their cooperation to rebuild the Ukrainian economy. The Ukrainian authorities are invited to use the experience of protecting their national interests in cooperation with foreign investors, gained during the conclusion of the Agreement on Mineral Resources and the creation of an investment fund with the United States of America. It is concluded that for the effective inflow of foreign investments, Ukraine needs to take measures to create an attractive investment climate, including institutional reforms in the field of taxation, compliance with the rule of law and European standards of legal protection of funds and material resources of foreign investors.