Ukraine-U.S. Fund Invests in Drone Tech Firm

0:00It's March 25th. This is Global News Today, driven by AI tracking the world in real time. The Ukraine U.S. Joint Reconstruction Fund has greenlit its first investment, going to sign engineering, a company in Laviv that makes communications, and navigation tech. This firm supplies gear to 150 Ukrainian drone and interceptor makers. The fund got more than 200 applications, with most targeting the energy sector. Set up after an April Minerals agreement, the fund kicked off in December and aims to hit $200 million by a year's end, even as the war continues. Officials are excited, saying this opens the door for more deals soon. They hope to announce at least three projects this year, and maybe even more. Energy tops the list after heavy Russian strikes last winter, alongside dual-use tech, infrastructure, and critical minerals, signaling a push-to. We built key areas.