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

  • The United States and Ukraine signed a natural resources deal and agreed to establish a joint investment fund on Wednesday in Washington.
  • The agreement followed prolonged negotiations amid the ongoing war since Russia's February 2022 invasion and came after US pressure for compensation through access to Ukraine's rare minerals.
  • Ukraine secured full sovereignty over its rare earths and the deal creates a 10-year equal partnership fund, with each side holding 50 percent voting rights to attract global investment for Kyiv’s recovery.
  • Treasury Secretary Scott Bessent highlighted that the partnership will enable joint investment with Ukraine, harness U.S. Expertise and financial resources, and support the modernization of governance to boost Ukraine's economic revival.
  • The agreement signals continued US commitment but requires ratification by the Ukrainian parliament and occurs amid ongoing fighting, civilian casualties, and stalled peace efforts.
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UBN broke the news in on Tuesday, April 29, 2025.
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