The United States and Ukraine have signed their long-awaited mineral deal, which Ukraine believes will enable it to access vital military aid. The newly created US-Ukraine Reconstruction Investment Fund will allow the United States to access vital minerals within Ukraine’s borders and recognises the “significant financial and material support” given to Kyiv during the conflict.
US Treasury Secretary Scott Bessent said that it showed both sides were committed to peace in the conflict and comes amid growing economic tensions following the decision to impose tariffs on China. Ukraine’s Deputy Prime Minister Yulia Svyrydenko said on X: “Together with the United States, we are creating the Fund that will attract global investment into our country.”
The Kremlin has yet to respond to news of the deal.
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