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Ukraine and U.S. Sign Memorandum for Critical Minerals Partnership

The agreement outlines a framework for resource development and reconstruction funding, with final negotiations set to conclude by April 26.

U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskiy at the White House in Washington, D.C., U.S., February 28, 2025. REUTERS/Brian Snyder/File Photo
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U.S. President Donald Trump (R) and Ukrainian President Volodymyr Zelensky meet in the Oval Office at the White House on February 28, 2025 in Washington, DC.
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Overview

  • Ukraine and the United States signed a memorandum of intent on April 17, establishing steps toward a full Economic Partnership Agreement and an Investment Fund for Ukraine's reconstruction.
  • The deal aims to jointly develop Ukraine's vast critical mineral resources, including lithium and rare earth elements, vital for green energy and defense industries.
  • Ukrainian officials emphasized that the agreement must not compromise the country's aspirations for European Union membership, calling it a 'red line.'
  • The memorandum sets a goal to finalize and sign the comprehensive agreement by late April, with Ukrainian Prime Minister Denys Shmyhal traveling to Washington next week for further discussions.
  • U.S. expectations for privileged access to Ukraine's mineral profits as partial repayment for military aid remain a key point of negotiation.