From Feud to Pact: U.S. and Ukraine Sign Minerals Deal After Turbulent Talks
The United States and Ukraine have signed a landmark agreement granting the U.S. preferential access to Ukraine’s mineral resources and establishing a joint investment fund for Ukraine’s reconstruction.
On Wednesday, U.S. Treasury Secretary Janet Yellen and Ukraine’s First Deputy Prime Minister Yulia Svyrydenko formalized the deal, marking a significant step in strengthening ties between the two nations.
“This agreement clearly signals our commitment to a free, sovereign, and prosperous Ukraine,” Yellen said. “It demonstrates both sides’ dedication to lasting peace and prosperity in the region.”
The accord not only opens doors for U.S. investments in Ukraine’s rich mineral sector but also provides for Washington to contribute to the reconstruction fund. “In addition to direct financial contributions, it may also provide new assistance—for example, air defense systems for Ukraine,” Svyrydenko shared on social media.
Ukraine’s Prime Minister Denys Shmyhal hailed the agreement as “good, equal, and beneficial.” He emphasized that Ukraine retains full control over its natural resources and infrastructure. “The fund’s profits will be reinvested exclusively in Ukraine,” Shmyhal stated.
The path to this agreement was not smooth. Initially planned for signing in February, the deal was delayed due to disagreements during high-level meetings. Subsequent negotiations spanned multiple rounds, including talks in Saudi Arabia and technical discussions in the U.S.
After receiving a revised draft of the agreement in late March, Ukrainian officials expressed optimism. By mid-April, the two sides had signed a memorandum of intent, setting the stage for Wednesday’s official signing.
This minerals deal represents a turning point in U.S.-Ukraine relations and offers hope for Ukraine’s rebuilding efforts amid ongoing challenges.
