The United States and Ukraine have entered into a significant agreement that outlines the sharing of profits and royalties derived from the future sale of Ukrainian minerals and rare earth elements. This pivotal deal, which has been the focal point of intense negotiations for several months, was nearly abandoned in the final hours before it was officially signed. Former President Donald Trump has emphasized that this agreement will serve as a vital economic incentive for the U.S. to maintain its commitment to Ukraine’s defense and facilitate its reconstruction efforts following a peace deal with Russia.
The newly established agreement includes the creation of a US-Ukraine Reconstruction Investment Fund. The Trump administration has indicated that this fund will play a crucial role in repaying the estimated $175 billion in aid that the U.S. has provided to Ukraine since the onset of the war. This fund aims not only to assist in Ukraine’s recovery but also to ensure a sustainable economic future for the nation.
Scott Bessent, the U.S. Treasury Secretary, stated, “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.” This statement underscores the broader geopolitical implications of the agreement, highlighting both countries’ determination to foster stability in the region.
In light of the partnership, President Trump has articulated a vision for collaboration between American and Ukrainian citizens that reflects their mutual commitment to achieving lasting peace and economic prosperity in Ukraine. He has firmly stated that no state or individual that has contributed to financing or supporting Russia’s military efforts will be permitted to benefit from Ukraine’s reconstruction.
Yulia Svyrydenko, Ukraine’s First Deputy Prime Minister, confirmed the signing of the agreement via a social media post on Wednesday, expressing optimism about the partnership. “Together with the United States, we are creating a fund that will attract global investment into our country,” she wrote. However, it’s important to note that the deal now awaits a vote of approval from Ukraine’s parliament, a crucial step in translating the agreement into actionable policy.
