The United States and Ukraine have inked a much-anticipated minerals agreement, granting the U.S. preferential access to Ukraine’s natural resources in exchange for establishing a reconstruction investment fund.
This landmark deal, a significant pursuit by President Donald Trump, culminates months of challenging talks, coming more than three years after Russia’s intensified invasion of Ukraine.
On Wednesday, U.S. Treasury Secretary Scott Bessent highlighted that this collaboration would see the two nations jointly investing to drive Ukraine’s economic revival and assist in hastening the war’s conclusion.
President Trump has advocated for this mineral partnership when he officially took office in January, suggesting that the development and commercialization of Ukraine’s rare earth metals, critical minerals, oil, and gas resources would essentially repay the U.S. for its wartime assistance to Ukraine.
Speaking on a NewsNation network town hall, Trump emphasized that the deal serves as compensation for the financial support provided to Ukraine in its fight against Russia.
Ukraine’s Minister of Economic Development and Trade, Yulia Svyrydenko, stated that the fund will be equally funded by both Washington and Kyiv, symbolizing their balanced partnership.
