Ukraine to screen foreign investment for national security threats

Business

29 January, 12:51 PM

Author: Alex Stezhensky
Ukraine’s Cabinet has approved a resolution to establish an Interagency Commission on the Screening of Foreign Direct Investment, the Ministry of Economy, Environment and Agriculture said.

“The launch of a screening mechanism for foreign direct investment will allow the government to assess potential national security risks in time and make informed decisions about capital inflows into strategic sectors of the economy,” said Economy Minister Oleksii Sobolev. “It’s a key step toward protecting national interests and creating a safer investment environment.”

Sobolev said the commission will submit proposals and recommendations to the Cabinet, ensure transparency in the evaluation of foreign investments, and guard against unilateral decisions or lobbying by narrow industry groups. The approach, he added, follows the investment protection policies used in EU countries.

The resolution also approves the commission’s charter and membership. Sobolev and the first deputy secretary of Ukraine’s National Security and Defense Council will serve as co-chairs.

The Cabinet said the move will help coordinate government agencies in assessing how foreign investment could impact national security.

Speaking earlier at the opening of the Ukrainian House in Davos, Sobolev said Ukraine is ready for major capital inflows — and that the process has already begun. “Those who invest in Ukraine today,” he said, “will be the ones leading Europe’s most dynamic and tech-driven economy tomorrow.”

Sobolev also noted the launch of the U.S.–Ukraine Investment Recovery Fund (URIF), which began with $150 million in initial capital and is structured as a partnership of equals between Kyiv and Washington. A similar flagship European fund involving major EU economies is nearing completion, he added.

NV previously reported that Ukrainian businesses are increasingly investing in expansion, and a leading banker has outlined expectations for 2026.

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