The United States and Ukraine have signed the agreement to create the United States-Ukraine Reconstruction Investment Fund, the long-awaited agreement granted to the United States rights to land minerals Rare Ukraine, both parties announced on Wednesday.
“This agreement clearly indicates to Russia that the Trump administration is committed to a peace process focused on a free, sovereign and prosperous long -term Ukraine,” said Treasury Secretary Scott Besent, in a press release. “President Trump imagined this association between the American people and the Ukrainian people to show the commitment of both parties to peace and lasting prosperity in Ukraine. And to be clear, no state or person who financed or supplies the Russian war machine will benefit from the reconstruction of Ukraine.”
The Ukrainian Minister of Economy, Yulia Svyrydenko, said in an X: “Together with the United States, we are creating the fund that will attract global investment to our country.”
In a video that discusses the agreement published in X, Besent gave more details about the agreement.
“This association allows the United States to invest together with Ukraine to unlock the growth assets of Ukraine, mobilize the standards of American talent, capital and governance that will improve the investment climate of Ukraine and accelerate the economic recovery of Ukraine,” Besent said in the video.
Both parties were ready to sign the Agreement on Critical Minerals and other resources previously, but the United States said that the main mineral resources agreement signed and the creation of an investment fund document signed at the same time, said Ukrainian Prime Minister Denys Shmyhal and a source in the office of the president of Ukraine.
President Donald Trump welcomes the president of Ukraine, Volodymyr Zelenskyy, in the White House in Washington, on February 28, 2025.
I CURTIS/AP
Ukraine had planned to separate the signature dates, since the creation of the Fund agreement was still ending, added the source.
“Now they will hurry to finish it,” said the source.
Ukraine said he was ready to sign, but he encountered a last minute problem when the United States requested that he sign both the mineral resources agreement and the investment fund agreement at the same time, a Ukrainian official said to ABC News. The United States refuted this series of events in comments during the meeting of the cabinet of President Donald Trump on Wednesday, saying that he was “ready to sign” the agreement, but the Ukrainians decided on Tuesday night “make some last minute changes,” Besent said.
“Our side is ready to sign,” Besent said.
When asked what was changed, Besent said there has been “no change on our side.”
Trump then put the mineral resources agreement in “context”, talking about the amount of money that the United States has given to the war effort of Ukraine. But it seemed optimistic about the possibility of the agreement to join.
“But we haven’t seen the fruits of that deal yet. I suspect we will,” Trump said.
Trump and Ukrainian President Volodymyr Zelenskyy originally signed the mineral agreement at the end of February, but the plan was derailing after a tense time between the two men in the Oval office.
This is a development story. Consult the updates again.
