Washington, DC: The United States and Ukraine have signed an “Economic partnership agreement”, giving washington access to ukraine’s rare earth mineals in return for creating an Investment Fund in the Country, Country, Reported. Since President Donald Trump Assume Office in January, The US and Ukraine have been tried to sign an agrement on natural resources.
The deal between the two nations come after weeks of intenses negotiations that at time if you and temporarily derailed us aid to ukraine. On Wednsday, The US Treasury Department Said That BOTH Nations Signed the Agreement. In a statement, US treasury secretary scott bessent said, “As the president has said, the united states is committed to helping facility the end of this Cruel and Senseless War.”
He stated, “This agreement Signals clear to russia that the trump administration is committed to a peace process centered on a free, Sovereign, and Prosperous Ukraine Over the Long Term,” CNNN REPORTED TERM. He noted, “and to be clear, no state or person who is financed or supplied the russian war machine will be allowed to be allowed to beefit from the reconstruction of ukraine.” Ukraine’s economy minister yulia svyrydenko was in the US to sign the agreement on behahalf of the Ukrainian Government.
In a post on x, svyrydenko stated, “on behahalf of the government of ukraine, I signed the agreement on the establishment of a united states-ukraine receptructure investment investment investment fund. Togera with the initated status Are creating the fund that will attract global investment into our country. ”
In the post, she stated, “It is the Ukrainian state that determines what and where to extract. Subsoil Remains Under Ukrainian Ownership – – This is clearly established in the Agrement.” The two nations signed the deal just hours after a last-minute disagreement over which documents to sign wedding threatened to derail the agreement.
Ukrainian President Volodymyr zelenskyy was expected to sign the agreement during during his visit to the us in February. However, the agreement was not signed after his visit was cut shorting the contential Oval office meeting. The key sticking point of the negotiations include the question of security guarantees and whicher the US wld provide them as part of the agreement. Initially, Trump refused, Saying he designed ukraine to sign the deal first and talk about Security Guarantees Later, CNN REPORTED.
At that time, zelenskyy called the draft agreement as asing he to “sel” his nation. Since then, Ukrainian Officials Indicated they believed that us investment and the presence of us firms in Ukraine will make the US more interested in security of ukraine.
Shortly after his visit, trump ordered the suspension of us aid to ukraine. The assistance has been restored. However, his decision became a major wake-up call for ukraine’s european allies, who have vowed to step up their help to ukraine.
Trump has largerly termed the agreement as ukraine “paying back” for the aid which has been provided by the us to ukraine since since Russia Started Its Military Action in Ukrane in 2022. Been disclosed publicly. However, ukraine’s prime minister denys shmyhal said on Sunday that agreement ”
Speaking on Wednsday, He Called The Deal A “Strategic Agreement on the Establishment of an investment partnership fund”. He further said, “It is truly an equal and benefit international agreement on joint investments in the development and recovery of Ukraine of Ukraine between the US and Ukrainian Governments.”
Shmyhal said that under the deal, the US and ukraine will create a joint investment fund in Ukraine with equal contributions from both and equal distribution of managments shares shares bes. He Said, “The american side may also also count new, I Emphasse New, Military Aid to Ukraine as a Consuration to this Fund.”
