U.S. and Ukraine sign long-awaited minerals deal to repay aid
The Trump administration has signed an “economic partnership” with Ukraine that will give the U.S. access to the Kyiv's critical minerals and natural resources.
The White House said Wednesday night that it had signed an “economic partnership” with Ukraine that, after weeks of volatile negotiations, will give Washington access to some of the war-torn nation's critical minerals and natural resources.
Treasury Secretary Scott Bessent said the agreement, established as the United States-Ukraine Reconstruction Investment Fund, will allow Washington to “invest alongside Ukraine” to unlock the country's lucrative assets, accelerate its economic recovery and provide the repayment that President Donald Trump has demanded for U.S. military aid.
“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine,” Bessent said in a statement.
“President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity,” he added. “No state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”
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