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Details emerging from a draft of the agreement indicate that the United States could gain preferential access to future Ukrainian natural resource deals.
US President Donald Trump with his Ukrainian counterpart Volodymyr Zelenskyy. (Reuters file image)
Ukraine and the United States formalized an agreement establishing a joint fund aimed at bolstering Kyiv’s reconstruction efforts. Details emerging from a draft of the agreement indicate that the United States could gain preferential access to future Ukrainian natural resource deals. This aspect of the accord is likely to spark debate as Ukraine seeks to rebuild its economy while navigating international partnerships.
What Washington Said On Signing Of Minerals Deal With Ukraine
The deal- which comes after weeks of talks between Kyiv and Washington- was announced by the US Treasury Department. It said in a statement, “As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war. 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. 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.”
Ukraine On Signing Minerals Deal With The US
To formalize the reconstruction fund agreement with the US, Ukrainian economy minister Yulia Svyrydenko journeyed to Washington. Following the signing, the minister took to social media platform X to underscore key provisions of the accord stating that “full ownership and control” of Ukraine’s resources would remain firmly in Kyiv’s hands.
“All resources on our territory and in territorial waters belong to Ukraine,” she said, clarifying that “it is the Ukrainian state that determines what and where to extract,” emphasizing that “Subsoil remains under Ukrainian ownership — this is clearly established in the Agreement.”
Why Was The Signing Of The US-Ukraine Minerals Deal Delayed
The US and Ukraine have been trying to finalise the deal since US President Donald Trump returned to the White House in January this year. The signing of the reconstruction fund agreement was also delayed after Ukrainian President Zelenskyy’s Washington trip was cut short following a contentious Oval Office meeting in February.
- Location :
Washington D.C., United States of America (USA)
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