Ukraine and the United States are on the verge of formalizing a memorandum of intent concerning a critical minerals agreement, as announced by Ukrainian President Volodymyr Zelensky. This development follows substantial progress in negotiations aimed at enhancing bilateral economic ties and supporting Ukraine’s post-war reconstruction efforts.
President Zelensky indicated that the memorandum could be signed imminently, marking a significant step toward a comprehensive agreement that would facilitate U.S. investment in Ukraine’s vast mineral resources. The proposed framework includes the establishment of a joint investment fund, wherein Ukraine would allocate a portion of revenues from state and private exploitation of natural resources. This fund is envisioned to finance reconstruction projects and stimulate economic growth within Ukraine.
First Deputy Prime Minister Yuliia Svyrydenko highlighted the collaborative efforts of technical and legal teams from both nations in refining the draft agreement. She emphasized that the memorandum would serve as a foundational document, reflecting the mutual commitment to advancing the partnership.
Despite the progress, certain aspects of the agreement remain under discussion. Ukrainian officials have expressed the need for further development of U.S. proposals included in the draft, particularly concerning the structure and governance of the joint investment fund. Additionally, the agreement would require ratification by Ukraine’s parliament to become effective
