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US and Ukraine Finalize Strategic Minerals Agreement

The deal establishes a joint reconstruction fund and grants the US preferential access to Ukraine's untapped mineral resources, pending Ukrainian parliamentary approval.

Zelensky and Trump have had a fraught relationship, but may have buried the hatchet over a new minerals deal.
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Overview

  • The agreement creates a 50/50 US-Ukraine reconstruction fund, with profits from new Ukrainian mineral permits funding rebuilding efforts.
  • Ukraine retains sovereign control over its subsoil and natural resources, with no obligation to repay past US military aid.
  • The US gains preferential, but not exclusive, access to new Ukrainian mineral licenses, excluding existing deals and gas infrastructure.
  • The deal was signed in Washington by Ukrainian First Deputy Prime Minister Yulia Svyrydenko and US Treasury Secretary Scott Bessent.
  • The agreement requires ratification by the Ukrainian parliament before it can take effect, marking the next step in its implementation.