Ukraine and the United States have signed a memorandum of intent to advance a future agreement on developing the country’s critical minerals, Kyiv’s First Deputy Prime Minister Yulia Svyrydenko announced.
The deal lays the groundwork for an economic partnership and the creation of an investment fund for Ukraine’s reconstruction, Svyrydenko said in a post on X.
“This paves the way for an Economic Partnership Agreement and the establishment of the Investment Fund for the Reconstruction of Ukraine,” she wrote. “We hope the fund will attract investments for rebuilding infrastructure, supporting businesses, and creating new opportunities.”
Discussions on a U.S.-Ukraine minerals deal began in February but stalled amid political tensions between U.S. President Donald Trump and Ukrainian leader Volodymyr Zelenskyy. Trump has pushed for the agreement, which would grant the U.S. royalty rights from Ukrainian mineral extraction as compensation for aid previously provided under President Joe Biden.
Svyrydenko did not disclose the memorandum’s specifics but expressed optimism about finalizing the deal. “Significant progress gives reason to expect a mutually beneficial outcome,” she said.
The agreement could boost Ukraine’s war-torn economy while securing U.S. access to strategic resources.
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