Ukraine inks minerals deal with the US, establishes joint fund for post-war reconstruction
A deal, signed by Kyiv and Washington on April 30, giving the United States preferential access to new Ukrainian minerals, is “much better” than the previous versions, said Volodymyr Landa, senior economist at the Center for Economic Strategy.
“Fortunately, the Ukrainian negotiating team did a fantastic job and actually brought this document to the form of a normal, balanced commercial agreement from which both parties can receive profits,” Landa said.
The accord, which was signed in Washington and heavily promoted by U.S. President Donald Trump, establishes a joint investment fund for Ukraine’s reconstruction as the U.S. president tries to secure a peace settlement in Russia’s war in Ukraine.
The agreement also gives the U.S. preferential access to new Ukrainian mineral projects. It is central to Ukraine’s efforts to mend ties with Trump and the White House, which frayed after he took office in January, but is yet to be considered by the Ukrainian parliament.
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