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U.S. and Ukraine Sign Landmark Agreement on Resource Development and Reconstruction Fund

The pact establishes a jointly managed fund to rebuild Ukraine and develop its mineral and energy resources, with Kyiv retaining full ownership and future U.S. military aid as contributions.

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Overview

  • The agreement creates a 50/50 jointly managed investment fund for Ukraine's reconstruction and resource development, with Ukraine maintaining full ownership of its natural resources.
  • Future U.S. military aid will count as contributions to the fund, while past assistance is excluded, addressing a key Ukrainian demand during negotiations.
  • The deal guarantees the U.S. privileged access to new investment projects involving critical resources like aluminum, graphite, oil, and natural gas.
  • The agreement must be ratified by Ukraine's parliament (Verkhovna Rada) to take effect, marking a crucial next step in its implementation.
  • Russian officials signal conditional openness to peace talks but emphasize their determination to achieve victory, complicating ongoing ceasefire discussions.