Ukraine, US make 'substantial progress' on minerals deal, Kyiv says

The two countries hope to sign a text next week that has been the subject of lengthy talks. Its content is still mysterious, but it will have far-reaching consequences for Ukraine's economic future.

Kiev and Washington signed a memorandum, the first step towards concluding a mineral resources agreement.

Ukraine and US sign memorandum on minerals

Svyrydenko wrote on her Facebook page, “Today, we have taken a step towards a joint Economic Partnership Agreement with the United States, as we signed a memorandum that testifies to the constructive joint work of our teams and the intention to conclude an agreement that will benefit our peoples.” She also revealed that preparations are underway to establish an investment fund for Ukraine’s reconstruction. The future agreement, she explained, wi…

Ukraine Says Outline of Minerals Deal Signed With US

Ukraine’s economy minister says it has signed a memorandum of intent with the United States, paving the way for a rare earth mineral agreement to be finalized next week. Yulia Svyrydenko, who is Ukraine’s first deputy prime minister and economy minister, wrote on X, “We are happy to announce the signing, with our American partners, of a memorandum of intent, which paves the way for an economic partnership agreement and the establishment of the I…

Acknowledges the "significant financial and material support" Washington has provided to Kiev since 2022 - Avoids specifying whether future profits from investments will be used to repay US military aid

After long negotiations, Kiev and Washington take a significant step closer to a commodity deal: both sides sign a declaration of intent. The paper contains a potentially serious reference. Nevertheless, the final agreement is to be concluded soon.