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Ukraine and U.S. Sign Memorandum on Minerals Deal Framework

The agreement outlines plans for an Economic Partnership Agreement and an Investment Fund for Ukraine’s reconstruction, with finalization expected next week.

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

  • Ukrainian Economy Minister Yulia Svyrydenko and U.S. Treasury Secretary Scott Bessent signed a memorandum of intent on April 17, 2025, establishing the framework for a minerals deal.
  • The memorandum paves the way for a comprehensive Economic Partnership Agreement and the creation of an Investment Fund aimed at financing Ukraine's post-war reconstruction.
  • Final negotiations on the agreement are ongoing, with both sides targeting a signing date between April 24 and April 26, 2025, pending parliamentary ratification in both countries.
  • Ukrainian President Volodymyr Zelensky has accused China of supplying weapons to Russia, further complicating the geopolitical context of the deal.
  • The U.S.-Ukraine partnership reflects strategic interests in reducing reliance on Chinese critical mineral supply chains and leveraging Ukraine's resources to offset U.S. aid.