Chuck Holton
Politics • Culture • News
Breaking Down the U.S.-Ukraine Reconstruction Fund: What’s the Deal?
February 27, 2025
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They should have offered coffee.

Since the war in Ukraine began in 2022, the U.S. has poured billions into supporting Ukraine’s defense and economy. Now, the U.S. and Ukraine are setting up a Reconstruction Investment Fund—but what does that mean, and who really benefits? Let’s break it down.

The Basics of the Deal

Ukraine is getting wrecked by war, and rebuilding won’t be cheap. This agreement sets up a jointly managed fund where both the U.S. and Ukraine put in money to finance reconstruction projects.

  • Ukraine’s Contribution: Instead of handing over cash, Ukraine will give 50% of future profits from its natural resources—think oil, gas, minerals, and infrastructure projects (like ports).
  • U.S. Commitment: The U.S. promises long-term investment, bringing in money, financial tools, and expertise to help rebuild.
  • Joint Control: Both countries will co-manage the fund, and neither side can sell or transfer its stake without the other’s approval.
  • Blocking Russia: The deal makes sure Russia (or any of its allies) won’t benefit from Ukraine’s reconstruction.

Sounds fair, right? Maybe. But let’s dig deeper.

What Could Go Wrong?

On the surface, this looks like a win-win: Ukraine gets U.S. investment, the U.S. gets a stake in Ukraine’s future economy, and Russia gets locked out. But there are some big unknowns:

  1. Is Ukraine’s Natural Wealth Overhyped?

    • The last major resource surveys of Ukraine were done in the 1960s, under Soviet rule. That’s outdated data.
    • Some estimates claim Ukraine is sitting on trillions in untapped minerals—but if those numbers are exaggerated, Ukraine might be giving away 50% of a pie that doesn’t exist.
  2. Who Controls the Resources?

    • Many of Ukraine’s oil, gas, and mineral-rich areas are now controlled by Russia (especially in the east and Crimea).
    • If Ukraine never regains that land, what’s left for the fund to profit from?
  3. Extracting Resources is Expensive and Dangerous

    • Mining and drilling are environmentally risky, especially in war-torn areas full of landmines, bomb craters, and destroyed infrastructure.
    • If cleanup and extraction costs outweigh profits, Ukraine may not see the revenue it expects.
  4. Does Ukraine Stay in Control?

    • By giving up 50% of its resource profits, Ukraine is partially handing over control of its future economy.
    • The U.S. holds a major seat at the table, which could mean strings attached to future economic and political decisions.

So, Who Wins?

  • Short-term, Ukraine wins—it gets immediate investment and U.S. backing for rebuilding.
  • Long-term, the U.S. benefits the most—if Ukraine’s resources are valuable, the U.S. gets a stake in the profits and deepens its influence over Ukraine.
  • Russia loses—it won’t have access to post-war economic benefits and may lose long-term leverage over Ukraine.

Final Takeaway

This deal isn’t just about rebuilding—it’s about who controls Ukraine’s economic future. If Ukraine’s resources turn out to be a goldmine, it may regret giving away 50% of the profits. But if they’re overestimated, then Ukraine essentially traded away nothing for U.S. money and security guarantees—which wouldn’t be a bad deal.

The real test? Whether the resources are as valuable and accessible as advertised. If they aren’t, Ukraine might have just sold a dream.

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Russia's Psychological Warfare Against Ukraine Escalates in 2025

I went to Ukraine to see if Ukraine is crumbling under the pressure from Russia or if they are holding their own. The people on the frontline suffer from drones attacking civilians and missiles striking every day, and the people want an end to the war that won't end with them under the rule of Russia. Because if that happens, the Ukrainians will be wiped out completely. 

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We’re all watching the same headlines, scrolling the same feeds, and trying to make sense of the same chaos. And yet, for all the information at our fingertips, there are still some very basic questions we aren't answering honestly — like what Vladimir Putin actually wants, why this war in Ukraine keeps grinding on, and what it really means for the United States and our allies.

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Do We Still Keep Our Promises?

Whenever I go live, I like to ask people where they’re watching from. It’s not just a gimmick; it tells me something important. There are folks in Poland, Germany, Israel, Armenia, and all over the United States who have skin in the game with what we’re about to talk about. They’re not watching this as an abstract discussion. For some of them, this is about whether the ground under their feet will still belong to their country five years from now.

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The biggest of those, of course, is NATO — the North Atlantic Treaty Organization — created after World War II for one core purpose: to keep a check on Russia. That wasn’t paranoia. That was historical memory. Russia, whether under the czars, the Soviets, or Putin, has an almost compulsive habit of invading its neighbors. In just the last few decades, they’ve gone into Georgia, Chechnya, Crimea, and now full-on into Ukraine. They’ve made no secret of the fact that they believe they have a right to dominate not only their immediate borderlands, but the wider European sphere as well.

The problem is that while Russia has been very clear about its ambitions, the West has not been nearly as clear about its resolve.

 

The War You Don’t See: Russia’s Cognitive Offensive

If you only look at maps and front-line reports, you might conclude that Russia is stumbling. Their advances are slow and costly, their equipment is getting older, and they’re losing a lot of men. But you miss half the story if you stop there, because the real battlefield — the one Putin is betting on — is not just in trenches and ruined towns. It’s in the minds of voters in the United States and Europe.

Russian intelligence and state-backed actors have poured millions of dollars into what’s now being called cognitive warfare. They’ve set up SIM farms, bot farms, and propaganda networks across multiple continents. These aren’t just a few trolls on a laptop. We’re talking about industrial-scale operations — huge racks of phones and servers churning out fake profiles by the hundreds of thousands, posing as Texans, Brits, Indians, Germans, and everything else you can imagine.

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to quietly steer public opinion away from supporting Ukraine, to paint NATO as the real villain, and to soften the West’s will to resist Russian aggression. They don’t need most people to become full-on pro-Russian. They just need enough people to become skeptical, weary, and divided. They know that democracies often defeat themselves from the inside long before an enemy ever crosses the border.

 

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You may have noticed something about every “peace process” floated over the last two years. Russia walks in, sits down at the table, plays the reasonable partner for a few days or weeks, and then undercuts the deal or simply ignores it.

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Putin’s strategy is not to end the war quickly. His strategy is to drag it out as long as possible while shaping the political terrain in the West. As long as he can keep the guns firing, he believes he can:

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  • Burn through Western political patience

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The War in Israel Isn’t Over
Is this war actually winding down, or are we just in the eye of the storm?

From where I sit, the war in Israel is nowhere near over. It has simply changed shape. What started as a shock on October 7th has become a long, grinding contest across multiple fronts, and while the headlines may have grown tired, the stakes haven’t shrunk at all.

To understand what’s coming, you have to see the whole board, not just the one square called Gaza.

 

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The Hostages and the Narrative of “Israel is Losing”

A lot of pundits you see online—especially people like Douglas Macgregor, Scott Ritter, and some of the usual talking heads—keep repeating the line that “Israel has lost this war” and is collapsing from within.

That claim doesn’t hold up.

Israel has managed to secure the return of every single hostage except one. When this war began, I honestly didn’t think that was possible. The chaos in Gaza, the tunnel networks, the sheer brutality of Hamas made it seem almost inevitable that many captives would simply disappear—killed, buried, or used as human shields until the end.

Yet here we are: one hostage still unaccounted for, and even his remains may soon be recovered. That is an extraordinary outcome by any military or intelligence standard, and it is a victory no matter what the doom-mongers say.

At the same time, Israel has been quietly preparing for the next phase. Their defensive capabilities are actually stronger now than they were on October 6th. The Iron Beam laser defense system—something the United States and Russia both struggled to make operational—is finally being fielded. It’s not science fiction anymore; it’s an actual working layer in their air-defense umbrella. That’s going to matter a lot if this war expands into a full regional conflict.

So no, Israel is not crumbling. It is bruised, deeply divided internally in some ways, but militarily more ready than at any time since the fighting began.

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