Ukraine And US Sign Preliminary Minerals Deal As Economic Partnership Progresses.
Ukraine’s government has announced the signing of a Memorandum of Intent with the United States, laying the foundation for a broader economic partnership and a future investment fund to support the country’s reconstruction.
Economy Minister Yulia Svyrydenko confirmed the development via social media platform X, stating that the agreement marked a significant step forward in Ukraine’s post-war recovery and economic revitalisation efforts. The deal is expected to grant the United States access to Ukraine’s critical mineral resources, as well as its oil and gas reserves.
“We are happy to announce the signing, with our American partners, of a Memorandum of Intent, which paves the way for an Economic Partnership Agreement and the establishment of the Investment Fund for the Reconstruction of Ukraine,” Svyrydenko wrote, alongside photos of herself and US Treasury Secretary Scott Bessent signing the document during a virtual meeting.
While Svyrydenko did not reveal the full details of the agreement, Bessent confirmed that the two sides had already agreed on most of the terms. “It’s substantially what we’d agreed on previously… I think it’s an 80-page agreement and that’s what we’ll be signing,” he said, referencing earlier talks.
According to Bessent, a finalised version of the deal could be signed as early as next week. The prospective agreement is expected to include the creation of a joint US-Ukraine investment fund, designed to channel resources into rebuilding key infrastructure and industries devastated by the ongoing conflict.
The negotiations had suffered a temporary setback in February following a public disagreement between former US President Donald Trump and Ukrainian President Volodymyr Zelensky during a White House meeting. However, Trump recently signalled renewed progress during a press conference with Italian Prime Minister Giorgia Meloni, saying, “We have a minerals deal which I guess is going to be signed on Thursday… and I assume they’re going to live up to the deal.”
Reuters reports that the White House has not yet commented on the specific timeline or the full scope of the agreement. Nonetheless, the accord is seen as a strategic and economic milestone for Ukraine as it seeks to rebuild and re-establish its economic ties with Western allies.
Ukraine is known to possess a rich supply of critical minerals, including lithium, titanium, and rare earth elements—resources considered vital for clean energy, defence, and technology sectors globally.
As Kyiv and Washington continue to finalise the details, the agreement signals a renewed commitment to Ukraine’s sovereignty, recovery, and long-term partnership with the United States.
