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

  • The United States and Ukraine signed an economic and mineral resources deal in Washington on Wednesday, establishing a joint investment fund.
  • The agreement followed lengthy negotiations and pressure by President Donald Trump amid more than three years of war and surging Ukrainian civilian casualties.
  • The agreement comprises a primary contract along with technical documents that detail a Reconstruction Investment Fund where both parties share equal decision-making power, while Ukraine maintains complete authority over its natural resources, infrastructure, and subsoil.
  • Treasury Secretary Scott Bessent explained that the collaboration enables the United States to participate in Ukraine’s economic development by tapping into its growth potential, while the newly established fund is expected to draw investments from around the world.
  • The deal signals ongoing U.S. Commitment to Ukraine's economic recovery and peace process, requiring Ukrainian parliamentary ratification and aiming to improve investment climate despite complex peace negotiations.
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US-Ukraine minerals deal: what we know

Washington and Kyiv have signed a new minerals deal that will see the United States invest in Ukraine's rare earth and other deposits as it seeks to reduce military aid to the war-torn country.

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UBN broke the news in on Tuesday, April 29, 2025.
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