The US and Ukraine have signed a “financial partnership agreement” that gives the United States access to Ukraine minerals, in exchange for establishing an investment fund in Ukraine, CNN writes. The agreement is confirmed by the US and Ukrainian authorities. But neither President Zelenskyj nor President Trump has commented on the deal. The United States and Ukraine have been trying to get an agreement on natural resources since US President Donald Trump returned to the White House in January. The agreement will give the United States the right to investment projects to extract Ukraine’s natural resources, including aluminum, graphite, oil and natural gas, says a source to Bloomberg, who first reported the agreement. Worked with for a long time when President Zelenskyj and Trump met in the White House earlier this year, there were expectations that a mineral agreement would be signed. But the meeting ended in a scolding of Zelenskyj. This agreement has been negotiating the countries for several weeks and it was notified that the countries were approaching an agreement. Ukraine was initially concerned about relinquishing too much of the country’s wealth, but the United States believes the agreement will provide Ukrainians against Russian aggression since American companies are active in the country. The US Ministry of Finance calls the agreement an economic partnership that will enable the two countries to collaborate and invest together to secure the reconstruction of Ukraine. Mineral richness: Ilmenite mine in Kirovohrad in Ukraine, Photo: Efrem Lukatsky / AP / NTB Reconciliation Fund Ukraine’s Business Minister Julija Svylydenko confirms that they have signed an agreement to establish a joint US-Ukrainian fund for the reconstruction of the country of war. Ukraine’s Minister of Industry Julija Svydenko says the United States will also contribute with air defense systems. Photo: Staff / Reuters / NTB The fund will receive 50 percent of the profits and royalties, which accrue to the Ukrainian state from new agreements on the extraction of natural resources. “Together with the US, we create the fund that will attract global investments to our country,” Svyrenko wrote on X. According to the draft, the agreement will have a duration of for ten years. US Finance Minister Scott Bessent thanks President Trump’s efforts to get an agreement in place. -I glad to be able to announce the signing of today’s historical financial partnership agreement between the US and Ukraine that establishes United States-Ukraine Reconstruction Investment Fund, says Bessent. Published 01.05.2025, at. 01.10 Updated 01.05.2025, at. 01.23
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