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US and Ukraine sign natural resources deal and agree to establish investment fund

  • The United States and Ukraine signed a minerals agreement on Wednesday, May 2, 2025, in Washington to establish a joint investment fund.
  • The deal follows over three years of war with Russia and weeks of negotiations influenced by President Donald Trump's calls for Ukraine to compensate the US for aid.
  • The agreement comprises multiple documents, including technical accords outlining the fund's structure, with Ukraine securing sovereignty over its rare earth resources and infrastructure.
  • Treasury Secretary Scott Bessent emphasized the partnership will mobilize American capital and talent to boost Ukraine's economic recovery and investment climate.
  • The deal requires approval by Ukraine's Cabinet and parliamentary ratification before implementation and signals ongoing US commitment to Ukraine's long-term sovereignty and prosperity amid stalled peace efforts.
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UBN broke the news in on Tuesday, April 29, 2025.
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