U.S. announces approval of contentious minerals deal with Ukraine [View all]
Source: Washington Post
April 30, 2025 at 6:12 p.m. EDT
KYIV — The United States and Ukraine have signed a deal to establish joint investment in Ukraine’s mineral wealth, oil, gas and other natural resources, officials said Wednesday, in a move that would fulfill a key White House request and give Kyiv a degree of much-desired U.S. backing.
“As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war,” Treasury Secretary Scott Bessent said. “This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term.”
The deal will establish the “United States-Ukraine Reconstruction Investment Fund” which will allow the “two countries to work collaboratively and invest together to ensure that our mutual assets, talents, and capabilities can accelerate Ukraine’s economic recovery,” Bessent said in a statement.
The latest version of the deal, reviewed by The Washington Post, falls short of providing any concrete security guarantees to Ukraine, but it states that Kyiv and Washington agree it affirms a “long-term strategic alignment” between the two countries and U.S. “support for Ukraine’s security, prosperity, reconstruction, and integration into global economic frameworks.” That language alone marks a win for Kyiv, which has been seeking any show of support from the U.S. since the relationship between the two countries turned rocky under President Donald Trump. Ukraine will seek significantly more tangible security guarantees under any future peace deal.
Read more: https://www.washingtonpost.com/world/2025/04/30/ukraine-trump-minerals-deal-agreement/
No paywall (gift) - supposedly no sub required to read this article but...
= new reply since forum marked as read