WASHINGTON, D.C. - The U.S.-Ukraine Business Council (USUBC) welcomes VR Capital as a new member.

The VR Capital Group, New York and London, has joined the U.S.-Ukraine Business Council (USUBC), www.USUBC.com, Washington, D.C. VR Capital is an international asset management firm serving an institutional investor client base with approximately $5 billion in investor assets.

With a proven track record of over 22 years, VR Capital focuses on investments in emerging and developed markets. The firm operates via its principal offices in New York and London, and over 98% of its assets are under the management stem from investor relationships in the United States and Western Europe.

VR Capital is one of the largest western investors in Ukraine with a portfolio of holdings in excess of $1 billion. While its investment activity in Ukraine dates back to 1999, the firm rapidly refocused its investment portfolio towards Ukraine since 2014.

VR Capital played a leading role in facilitating a series of debt restructurings that helped to stabilize the economy and pave the way for a return of capital and investment into the country.

As the largest holder of international bonds issued by Ukreximbank, Oschadbank, and Ukrzaliznytsia, the company led the creditor committees that negotiated successful restructurings of each company’s debt. 


In 2018, VR Capital established a 100% subsidiary, Elementum Energy, to focus on renewable energy. Elementum Energy has become the largest foreign-invested company in the sector, with 28 solar farms and 2 wind farms. The company is managed by a Ukrainian team based in Kyiv and Odesa.

“As one of the largest Western investors in Ukraine, we have a strong stake in seeing a stable and prosperous Ukraine that delivers for its investors and citizens alike. We fully share the U.S.-Ukraine Business Council’s goal of advancing measures to improve conditions for bilateral trade and investment,” says Richard Deitz, the Founder and President of VR Capital.


VR Capital Ltd. and Ukraine Power Resources (a member of U.S.-Ukraine Business Council) recently inaugurated a $60 million 40 MW wind farm in Odesa’s Bessarabia. Near the 10 new towers, the two internationally-owned companies are building a second $90 MW million phase for the Dnistrovska wind project.

“The modernization of Ukraine runs through green energy,” Richard Deitz, the London-based president of VR capital, said to reporters and wind industry leaders gathered to the base of a turbine in a wheat field 70 km west of Odesa city, near the Moldovan border. Source: Ukraine Business News.

"The over 200 members of the U.S.-Ukraine Business Council welcome VR Capital as a new member. VR Capital is the type of international investor that provides long term capital to build a stronger business environment and create hundreds of new jobs in  Ukraine. We look forward to working with VR Capital," said Morgan Williams, USUBC President.

VR CAPITAL WEBSITE LINK:  please visit http://www.vr-capital.com/