Overview

• The US and Ukraine signed a minerals agreement creating a 50/50 co-managed Reconstruction Investment Fund to finance Ukraine's recovery and development projects for the next decade.
• Ukraine retains full sovereignty over its natural resources, with the authority to determine extraction locations and methods, while the US gains preferential access to new projects.
• The deal excludes repayment of past US aid and does not include the security guarantees Kyiv had sought, though it ties future US military assistance to the fund.
• The agreement explicitly bars states or individuals supporting Russia's war effort from benefiting from Ukraine's reconstruction.
• The pact, signed on April 30, awaits ratification by Ukraine’s parliament and has been criticized by Russia, which claims it exploits Ukraine’s resources.