Overview

• The U.S. and Ukraine signed a minerals deal on May 1, 2025, creating a 50/50 Reconstruction Investment Fund to reinvest profits in Ukraine's recovery for the first decade.
• Ukraine retains full sovereignty over its natural resources, with authority over extraction decisions and management of the joint fund.
• The agreement covers 55 key minerals, including lithium, uranium, and titanium, essential for global supply chains and Ukraine's reconstruction.
• The deal excludes explicit U.S. security guarantees but positions future military aid as an investment in the fund, signaling long-term U.S. support for Ukraine.
• Russian officials criticized the agreement as exploitative, while Ukraine's parliament prepares to ratify the pact, which is seen as a strategic counter to Russian influence.