URIF Announces First Investment, Strengthening Ukraine’s Security and Unlocking New Emerging Technology for the United States and Allies

WASHINGTON, D.C. – The U.S.–Ukraine Reconstruction Investment Fund (URIF) today announced that it has approved its first investment aimed at bolstering Ukraine’s security, supporting a sector that will be a cornerstone of Ukraine’s post-conflict economy, and increasing America’s and allies' access to field-tested advanced technology.The joint U.S.-Ukrainian board of directors approved an equity investment in emerging technology company Sine Engineering (Sine). The investment will support Sine’s continued advancements and innovation in radio communication control systems for Unmanned Aerial Vehicles (UAVs). Sine provides important hardware and software for UAVs that support resilient connectivity, navigation, and autonomy in complex and contested environments."Today marks another important milestone in advancing the historic agreement that Prime Minister Svyrydenko and I signed less than one year ago to establish the URIF, which gives our nation a direct stake in Ukraine’s long-term peace and prosperity.” said Secretary of the Treasury Scott Bessent.