Image: ln24SA
Ukraine and the United States are nearing an agreement on a strategic minerals partnership, with First Deputy Prime Minister Yulia Svyrydenko announcing that “substantial progress” has been made. A memorandum is expected to be signed soon to mark the initial phase of the deal.
The initiative is part of a broader effort by former U.S. President Donald Trump to end the war in Ukraine and recover some of the funds spent on military aid. While Trump has linked the potential deal to financial recovery, President Volodymyr Zelensky has made it clear that Ukraine does not view prior U.S. military support as something it needs to repay.
“Our teams have worked closely and carefully on this draft agreement,” Svyrydenko said in a post on X. “Several parts have been revised by our legal teams, and we’ve made meaningful progress.”
She noted that both sides have agreed to continue negotiations and sign a memorandum soon to document the progress made so far.
According to reports, the U.S. has revised its estimate of the total value of assistance sent to Ukraine since the 2022 Russian invasion—from $300 billion down to around $100 billion.
A newer, broader version of the proposed deal—introduced by the Trump administration last month—would require Ukraine to allocate revenue from natural resource extraction, both public and private, into a joint investment fund. However, this proposal does not include future security guarantees for Ukraine.
Svyrydenko stated that the agreement would still need approval from Ukraine’s parliament but stressed its potential economic benefits.
“This deal will attract investment, promote development, and lay the groundwork for real economic growth in both Ukraine and the U.S.,” she said.
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