U.S., Ukraine sign reconstruction and minerals deal

Reuters

Ukraine and the United States signed a long-anticipated agreement in Washington on Wednesday that grants the U.S. preferential access to Ukrainian mineral deals and launches a joint fund for post-war reconstruction—both key goals for the Trump administration.

The deal, finalised after tense negotiations, is seen as part of President Donald Trump's broader effort to push for a peace settlement in Russia’s ongoing war with Ukraine. Ukrainian officials view the pact as a step toward repairing strained ties with the White House since Trump’s return to office in January.

The agreement was signed by U.S. Treasury Secretary Scott Bessent and Ukraine’s First Deputy Prime Minister Yulia Svyrydenko, who confirmed that the U.S. would contribute financially and could also provide new military assistance, including air defence systems.

The deal contains no obligation for Ukraine to repay past military aid, a clause Kyiv had resisted. Washington has provided over €64 billion in military assistance since Russia's full-scale invasion in 2022, according to Germany’s Kiel Institute.

Trump has repeatedly said U.S. aid must yield returns, pointing to Ukraine’s rare earth mineral reserves as strategic leverage. The Treasury described the agreement as recognition of the “significant support” given by the American people.

While no explicit security guarantees were included, Ukrainian officials hope the accord will secure continued American backing. Kyiv is also in talks with European partners about forming an international force to support any future peace arrangement with Russia.

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