The United States and Ukraine have signed a significant deal focused on sharing profits from Ukraine’s mineral and energy resources. This agreement comes after months of tough negotiations and aims to strengthen economic ties between the two nations while also boosting Ukraine’s defense and recovery efforts.
The deal was finalized in Washington, where U.S. Treasury Secretary Scott Bessent and Ukraine’s First Deputy Prime Minister Yulia Svyrydenko signed the agreement. It is seen as a crucial step in ensuring continued U.S. support for Ukraine, especially in light of the ongoing conflict with Russia. The U.S. has provided substantial military and financial aid to Ukraine since the war began in February 2022, and this deal is expected to create a more sustainable economic framework.
Ukraine is believed to have rich deposits of critical minerals such as graphite, titanium, and lithium, which are essential for renewable energy technologies and military applications. The U.S. hopes that by sharing in the profits from these resources, it will encourage further investment in Ukraine while addressing concerns about the aid already provided.
A key feature of the agreement is the establishment of a U.S.-Ukraine Reconstruction Investment Fund, which is intended to facilitate economic recovery in Ukraine. This fund recognizes the significant support the U.S. has given Ukraine and aims to attract global investment to the country.
Svyrydenko emphasized that the partnership will be equitable, with both nations sharing profits equally. She noted that while the U.S. will have access to some of Ukraine’s resources, ownership will remain with Ukraine. The deal also includes commitments from the U.S. to provide additional military assistance, including air defense systems.
This agreement has been a long time in the making. It was initially set to be signed in February but was delayed due to disagreements over the terms. A recent meeting between President Donald Trump and President Volodymyr Zelensky at the Vatican helped pave the way for the finalization of the deal.
While the Kremlin has not yet commented on the agreement, it marks a significant shift in U.S.-Ukraine relations, showing a commitment to mutual support and economic cooperation. As Ukraine continues to recover from the war, this deal could play a vital role in its long-term stability and growth.