The US-Ukraine Reconstruction Investment Fund (URIF) approved its first investment on Wednesday – announcing its intention of directing capital into Sine Engineering, a Ukrainian dual-use technology company that builds communication and navigation systems for drones.
URIF held a meeting of its Governing Board in Kyiv on Wednesday. Sine Engineering’s press office told Kyiv Post that, while the company has already been announced as a recipient of the fund, the document confirming this is to be signed soon.
“Today marks another important milestone in advancing the historic agreement that Prime Minister Yulia Svyrydenko and I signed less than a year ago to create URIF, which gives our country a direct stake in Ukraine’s long-term peace and prosperity,” US Treasury Secretary Scott Bessent said, according to a statement on Ukraine’s government website.
Sine Engineering
Sine Engineering’s modules are already integrated into systems used by more than 150 Ukrainian drone manufacturers and interceptor producers.
The startup, founded weeks after Russia’s full-scale invasion in February 2022, develops communication modules, digital video transmitters, and GPS-independent navigation systems engineered to operate under active electronic warfare conditions – the standard environment on Ukraine’s front line.
The company has built its technology around time-of-flight signal measurement, a pre-GPS aviation navigation method that allows drones to determine their position without relying on satellite signals vulnerable to Russian jamming and spoofing, the company wrote on its website.
Its products are used across drone classes, from reconnaissance platforms to first-person view attack drones, and have been adopted by more than 70 manufacturers globally – including companies supplying the US Pentagon, according to Defender.media.
The US-Ukraine Reconstruction Investment Fund (URIF)
URIF was established under a bilateral agreement with the United States in April 2025 and has since received over 200 project applications, more than half of which were from Ukrainian companies.
“For Ukraine, projects that attract additional investments and have a real impact on the economy are a priority. The Fund is part of a long-term partnership with the United States that combines investment, technology, and security. Today’s decision is the first significant step in this direction,” Svyrydenko said.
URIF was originally part of the US-Ukraine Minerals Deal – conceived as a way to restore US military aid to Ukraine after US President Donald Trump halted it in February 2025 by linking it to US investor access to dozens of critical raw materials in the country.
URIF focuses on five key sectors: critical minerals, energy, hydrocarbons, transport and logistics, and advanced technologies. Ukraine and the US split the revenue it generates equally.
The US International Development Finance Corporation manages the fund on the American side. On the Ukrainian side, it is managed by the Agency on Support of Public-Private Partnership, or PPP Agency.