On April 30, 2025, the United States and Ukraine signed a significant agreement granting the U.S. access to Ukraine’s valuable mineral resources and establishing a joint investment fund for the country’s reconstruction. The deal, signed in Washington, D.C., was hailed by U.S. Treasury Secretary Scott Bessent as a commitment to a “free, sovereign, and prosperous Ukraine.”

“President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine,” Bessent said in a statement.

The agreement creates the United States-Ukraine Reconstruction Investment Fund, with both countries holding equal decision-making power. The U.S. will contribute through direct investments or future military assistance, while Ukraine will allocate 50% of revenues from the exploitation of its natural resources to the fund. All resources in the fund will be invested exclusively in Ukraine for the first ten years, after which profits may be distributed between the partners.

Ukrainian Minister of Economy Yulia Svyrydenko emphasized that the agreement ensures Ukraine retains full control over its subsoil, infrastructure, and natural resources, aligning with its aspirations to join the European Union. She described the deal as a strategic partnership aimed at driving economic growth and innovation.

The path to this agreement was not without challenges. A public disagreement between President Trump and President Zelenskyy in February had temporarily stalled negotiations. However, both sides resumed talks, leading to the finalization of the deal

While the agreement does not include specific security guarantees or address past U.S. military aid, it signifies a long-term commitment by the U.S. to support Ukraine’s sovereignty and reconstruction efforts. The deal also serves as a message to Russia regarding the U.S.’s stance on Ukraine’s future.

Source; Al Jazeera