WASHINGTON, March 24 (Reuters) – A joint U.S.-Ukrainian reconstruction fund will make its first investment in Sine Engineering, a Ukrainian dual-use military technology company, a source familiar with the plans said on Tuesday, with further projects still under review.
The deal is expected to be formally announced on Wednesday by the Ukrainian government and the U.S. International Development Finance Corporation (DFC), which created the U.S.-Ukrainian Reconstruction Investment Fund as part of a larger critical minerals deal signed in April 2025.
The plans were first reported by the Kyiv Independent.
Senior U.S. officials traveled to Kyiv this week for the third meeting of the fund, which began operations in December and is expected to reach $200 million by the end of the year. Ukrainian officials hope to announce three initial investment projects this year.
Details of the investment in Sine Engineering, a Lviv-based startup focused on navigational software used for drones, were not immediately available.
DFC declined to comment. The company was not immediately available for comment.
(Reporting by Andrea Shalal; Editing by Mark Porter)
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