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Ukraine finalizes ratification of US minerals deal, paving way for joint investment fund

  • Ukraine finalized the ratification of its minerals agreement with the United States on May 12, establishing a joint Reconstruction Investment Fund.
  • The agreement followed months of difficult negotiations complicated by a collapsed signing in February and tense talks between President Zelenskyy and then-U.S. President Trump.
  • The agreement provides the United States with privileged involvement in the development of Ukraine's valuable mineral resources, including key metals and strategic elements, while omitting previously disputed clauses and not offering explicit security assurances to Ukraine.
  • On May 8, Ukraine's parliament approved the deal with 338 deputies supporting it, and Prime Minister Denys Shmyhal indicated that forthcoming U.S. Military assistance might be considered as contributions to the fund.
  • This agreement aims to deepen economic ties, support Ukraine's reconstruction, and signals a long-term partnership that could strengthen national security and link future attacks on Ukraine to U.S. Interests.
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babel.ua broke the news in on Monday, May 12, 2025.
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