The US and Ukraine have finally signed a deal giving America access to rare earth minerals in exchange for President Donald Trump’s support in ending the war with Russia.
Treasury Secretary Scott Bessent and Ukrainian Deputy Prime Minister Yulia Svyrydenko announced they had signed the agreement in Washington, DC, on Wednesday.
The agreement, which was subject to contentious debate for weeks, will allow the US to engage in investment projects developing Ukraine’s resources including natural gas, oil, aluminum and graphite.
It establishes the United States-Ukraine Reconstruction Investment Fund, with each nation putting up 50% of the financing and America’s future military assistance counting toward it.
‘As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war,’ stated Bessent.
‘This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term.’
Bessent credited Trump with envisioning ‘this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine’.
‘And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine,’ he stated.
Svyrydenko X announced on X (formerly Twitter) that she signed the agreement on behalf of Ukraine’s government.
‘Together with the United States, we are creating the Fund that will attract global investment into our country,’ she wrote.
Trump and Ukrainian President Volodymyr Zelensky did not immediately remark on the deal on social media.
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