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U.S. and Ukraine Advance Negotiations on Debt-Free Minerals Agreement

Talks focus on creating a joint investment fund to support Ukraine's reconstruction and attract American businesses.

Ukrainian President Volodymyr Zelenskiy at an undisclosed location, in Germany, June 11, 2024.   Jens Buttner/Pool via REUTERS/File Photo
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Overview

  • Ukraine and the U.S. are actively negotiating a revised minerals agreement, with consultations underway as of April 1, 2025.
  • The proposed deal includes the creation of a joint investment fund for Ukraine's development and reconstruction, explicitly excluding debt obligations.
  • Ukraine received the updated agreement proposal from the U.S. on March 28, 2025, which significantly differs from earlier frameworks.
  • The agreement aims to strengthen the involvement of large American businesses in Ukraine and contribute to the country's security infrastructure.
  • Ukrainian officials emphasize the importance of finalizing a mutually beneficial deal that aligns with both nations' strategic and economic interests.