Following the review, the Committee adopted a decision to recommend that the Verkhovna Rada adopt the draft law in the second reading and as a whole, in the final version proposed by the Committee and set out in the comparative table to the draft law, with the necessary editorial and technical-legal adjustments.
In the course of the appropriate revision of the draft law, the Committee introduced only editorial and technical-legal clarifications to certain provisions in order to ensure their consistency with each other, with the norms of the Budget Code, and to bring them into compliance with legislative drafting rules. These changes do not alter the substance of the draft law. Accordingly, the final version of the draft law primarily provides for the following:
to transfer to the special fund of the State Budget of Ukraine half of certain revenues currently assigned to the general fund of the state budget and to the general and special funds of local budgets, specifically those payments related to the use of subsoil for the extraction of minerals of national importance, as defined as Natural Resource Assets in Annex A to the Agreement between the Government of Ukraine and the Government of the United States of America on the Establishment of the U.S.-Ukraine Recovery Investment Fund (ratified by the Law of Ukraine dated May 13, 2025, No. 4417-IX), including: 50% of the rent payment for the use of subsoil for the extraction of minerals of national importance; 50% of the fees for the issuance of special permits for subsoil use and revenues from the sale of such permits; 50% of the proceeds from the use (sale) of the portion of produced products remaining in state ownership under production sharing agreements and/or monetary equivalents of such state-owned products extracted from subsoil areas. At the same time, the respective proportions of these payments credited to the general fund of the state budget and the general and special funds of local budgets shall be reduced accordingly;
to define that revenues related to Natural Resource Assets shall include revenues received exclusively from or in connection with the issuance of new licenses or special permits after the entry into force of the respective agreements, and/or revenues generated from the exploitation of licenses or special permits issued prior to the entry into force of the respective agreements but not previously used for industrial purposes;
to define the targeted allocation of the proposed new revenues of the special fund of the State Budget for the payment of contributions to the American-Ukrainian Reconstruction Investment Fund;
to establish that all revenues received from the American-Ukrainian Reconstruction Investment Fund, as well as revenues received from the russian federation or its representatives as reparations for the armed aggression of the russian federation against Ukraine, shall be credited in full to the general fund of the State Budget.
The purpose of the draft law is to ensure the proper implementation of the Agreement between the Government of Ukraine and the Government of the United States, ratified by the Verkhovna Rada, and, more broadly, to introduce a mechanism for strengthening the strategic partnership between Ukraine and the United States for the long-term reconstruction and modernization of Ukraine in response to the large-scale destruction caused by the full-scale armed aggression of the russian federation against Ukraine.