Overview
- The agreement, signed by U.S. Treasury Secretary Scott Bessent and Ukraine's Deputy Prime Minister Julia Swyrydenko, creates a joint fund to finance Ukraine's reconstruction through resource exploitation.
- Ukraine retains full ownership and control of its resources, contributing 50% of revenues from future licenses and sales to the fund, while the U.S. gains preferential access to rare earth metals and other minerals.
- The fund will reinvest profits for the first decade and focus exclusively on projects within Ukraine, including mineral extraction and related infrastructure development.
- The deal must still be ratified by Ukraine's parliament before taking effect, potentially testing political support for the agreement in Kyiv.
- The commercial viability of Ukraine's resource deposits remains uncertain, with many located in Russian-occupied territories and reliant on outdated Soviet-era data.