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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 in Washington on Wednesday to establish a joint Reconstruction Investment Fund.
  • The signing followed over two months of negotiations and pressure from President Donald Trump, who sought compensation for U.S. Military aid through access to Ukraine's rare earth elements.
  • The agreement comprises a primary contract along with technical documents detailing the fund’s framework, ensuring that Ukraine maintains complete authority over its underground assets, facilities, and natural wealth.
  • Treasury Secretary Scott Bessent said the partnership will unlock Ukraine's growth assets, mobilize U.S. Talent and capital, and improve the investment climate to accelerate economic recovery.
  • The agreement signals U.S. Commitment to Ukraine's long-term prosperity amid ongoing war, but requires Ukrainian parliamentary ratification before taking effect.
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UBN broke the news in on Tuesday, April 29, 2025.
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