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US and Ukraine sign mineral resources agreement
The U.S. and Ukraine have signed the deal to create the United States-Ukraine Reconstruction Investment Fund -- the long-awaited deal that gives the U.S. rights to Ukrainian rare earth minerals, both sides announced Wednesday.
“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term," Treasury Secretary Scott Bessent said in a press release. "President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine. And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”
"This partnership allows the United States to invest alongside Ukraine to unlock Ukraine's growth assets, mobilize American talent, capital and governance standards that will improve Ukraine's investment climate and accelerate Ukraine's economic recovery," Bessent said in the video.