Ukraine and the US officially sign mineral agreement.
Ukraine and the United States signed a mineral agreement on April 30, amid growing impatience from Washington with the parties involved in the conflict.
According to The Hill, US Treasury Secretary Scott Bessent and Ukrainian First Deputy Prime Minister Yulia Svyrydenko signed a minerals agreement on April 30 in Washington.
"As President Trump has said, the U.S. is committed to ending the senseless conflict in Ukraine. This agreement will send a clear message to Russia, underscoring that Washington will pursue a long-term peace deal," Bessent said.
Minister Bessent emphasized that the mineral agreement would prevent "any country and individual supporting Russia's military campaign" from benefiting from the reconstruction of Ukraine.
On the Ukrainian side, Ms. Svyrydenko thanked the US government, asserting that the agreement could benefit both Kyiv and Washington.
"The agreement allows for the establishment of a US-Ukraine Reconstruction Investment Fund, jointly managed by both countries on an equal basis, with neither side having a greater interest. Underground minerals remain the property of Ukraine, and Kyiv will decide what to extract and where. I am grateful to all those who worked to promote this agreement," Svyrydenko said.
According to Deputy Prime Minister Svyrydenko, the fund's income and contributions will not be taxed in Ukraine or the United States. Furthermore, the US will help attract more investment and technology to Ukraine.
Earlier, Ukrainian Prime Minister Denys Shmygal affirmed that the mineral agreement would be "a fair, solid international agreement on joint investment in Ukraine's development and recovery." Specifically, future military aid from Washington would be considered a contribution to this fund, while previous assistance would not be counted.
Local media noted that while the mineral agreement offered no specific security guarantees for Kyiv, it affirmed the long-term strategic alliance between the US and Ukraine.
