Scott Bescent and Yulia Swillidenko sign the Ukraine Natural Resources Contract. Ukraine’s right to participate in the EU Photo: US Treasury Department
While acknowledging the “full Russian invasion,” the Treasury Ministry announced that the long-awaited mineral trade with Ukraine had been signed on Wednesday. The agreement takes a more strict stance against Moscow and grants the right to participate in the European Union in Ukraine.
“The US and Ukraine have signed an agreement to establish the US-Ukraine Reconstruction Investment Fund,” the US Treasury Department said. It has been reported. The signature comes days after Ukrainian President Volodmar Zelensky met with his US counterpart, Donald Trump, at the Vatican before Pope Francis’ funeral. Zelensky said the meeting could be historic.
“Recognizing the important financial and material support that the US people have provided to Ukraine’s defense since the full-scale Russian invasion, this economic partnership ensures that both of our countries work together to invest in cooperation to ensure that mutual assets, talent and capabilities will accelerate Ukraine’s economic recovery.”
Trump designed an agreement that appears as a victory for his government, saying his country will return “in theory much more” than the billions offered to Ukraine by his predecessor, Joe Biden.
Fact checking the number of cards
President Trump claims that the amount the US gave to Ukraine to combat Russia’s three-year invasion was $350 billion, which is very different from the actual amount. According to To factual data from the Kiel Institute.
Nevertheless, the deal has been taking place in a few months and now signed, Ukraine hopes to solidify US aid as the country is struggling to repel Russia three years after the invasion.
US Treasury Secretary Scott Bescent and Ukraine’s first deputy prime minister Julia Swillidenko have been shown to sign the contract Photos posted on x The Treasury said the deal “clearly demonstrates the Trump administration’s commitment to free, sovereign and prosperous Ukraine.”
As the BBC pointed out, the Trump administration’s language of announcing contracts is particularly stricter on Russia than it typically is. The agreement acknowledges Ukraine’s intention to join the EU and the need for a transaction that is consistent with it.
This transaction is a clear signal to Russia
“The agreement clearly demonstrates to Russia that the Trump administration is committed to a peace process centered around Ukraine, where it has long been free, sovereign and prosperous,” Bescent said. I said.
Bessent told Fox News that the deal was a signal to the American people.
Swillidenko said the agreement allowed Ukraine to “determine what and where to extract” and that its natural resources are Ukraine’s property.
Ukraine is rich in natural resources, including rare earth metals used in consumer electronics, electric vehicles, and military applications. Currently, China controls the global rare earth mining industry and is now caught up in a trade war with the United States. Ukraine also has extensive reserves of iron, uranium and natural gas.
Ukraine owes nothing to the US
Svyrdenko said Kyiv has no obligation to levy against the US under the contract, a key point in the long negotiations between the two countries.
On the other hand, there appears to be no specific security guarantees from Washington, DC. This is an issue that Ukraine and Europe have long sought to deal with from the White House.
The agreement appears to indicate Trump’s shift towards supporting Ukrainian war efforts against Russia, but the deal appears to be vulnerable in this regard.
