Ukraine, USA Sign Memorandum On Mineral Resources Deal
14- 18.04.2025, 7:58
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The agreement will open up opportunities for significant investments and infrastructure modernisation.
Ukraine and the USA have signed a memorandum of intent to conclude an agreement on mineral resources. This was announced on Facebook by the Minister of Economy of Ukraine Yulia Sviridenko.
‘We are creating the Fund for investments in the reconstruction of Ukraine. The corresponding agreement will open opportunities for significant investments, modernisation of infrastructure and mutually beneficial partnership between Ukraine and the United States - it is for this purpose the teams are working on the document,’ said Sviridenko.
She added that the text of the agreement has yet to be finalised, as well as its signing and ratification by the parliaments of both countries.
We remind you, earlier the media reported that the US authorities had softened the terms of the deal on Ukraine's natural resources. In particular, Washington significantly reduced the amount of assistance provided earlier to Kyiv, which Ukraine must return to the United States at the expense of resources. If earlier the White House talked about 300bn dollars, now it is about 100bn.
At the same time, the US authorities still refuse to make their own contribution to the common investment fund with Ukraine, as they believe that the previously provided assistance is a substitute for such a contribution.
Negotiations on the Deal between Ukraine and the USA
Kyiv and Washington have been negotiating the mineral deal for several months. On 15 February, in Munich, Volodymyr Zelensky refused to approve the agreement with the USA, explaining that it lacked ‘specific things about security guarantees’. Since then, the sides have been discussing a new version of the agreement.
On 30 March, Donald Trump accused Zelensky of intending to withdraw from the deal. ‘He's trying to get out of the rare earth metals deal, and if he does, he's going to have problems, big, big problems,’ the US President said.
Ukrainian Foreign Minister Andriy Sibiga said on 1 April that Kyiv is working to ensure that the mineral deal with Washington is in the mutual interests of both countries.
On 6 April, Yuliya Sviridenko said that there was still no final version of the deal. In early April, a Ukrainian delegation visited the United States to discuss the parameters of the agreement.
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