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US Signs Critical Rare Minerals Deal With Ukraine

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The United States and Ukraine have established a Reconstruction Investment Fund which will be equally managed by joint parties.

A historic agreement signed yesterday evening gives the US access to Ukraine’s rare mineral resources, the deal has been months in the making with hopes that it will secure continued military support to Kyiv amid concerns that US President Donald Trump will decrease support due to peace negotiations with Russian President Vladimir Putin.

“Together with the United States, we are creating the fund that will attract global investment into our country,” First Deputy Prime Minister of Ukraine Yulia Svyrydenko wrote on X.

 

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Some of the conditions within the agreement according to international media are as follows: all land and maritime resources within Ukraine’s recognised territory will remain under Ukrainian ownership and control.

Kyiv retains full authority over extraction decisions, with the agreement reaffirming that subsoil resources are the property of the Ukrainian state.

A joint fund will be established on a 50-50 basis, co-managed by Ukraine and the United States. Neither side will hold a majority vote, ensuring an equal partnership rooted in mutual benefit, cooperation, and respect.

Notably, the agreement contains no clauses requiring Ukraine to repay the billions of dollars in aid sent by Washington since Russia’s full-scale invasion began in February 2022.

This marks a sharp departure from earlier positions held by former U.S. President Donald Trump, who had demanded reimbursement—reportedly up to $500 billion (€442 billion)—from Ukraine’s future rare earth revenues. Ukrainian Prime Minister Denys Shmyhal praised the final deal as a diplomatic win, calling it a major breakthrough in protecting national interests.

State-owned companies like Ukrnafta and Energoatom will remain publicly owned, with no changes to their legal status.

By removing repayment demands and safeguarding national assets, the agreement lays the groundwork for deeper economic collaboration between the two countries—positioning both to benefit from shared growth and long-term investment.

The agreement does not interfere with the European integration course, it complies with Ukraines constitution and doesn’t contradict any of the country’s international obligations.

Featured image: Efrem Lukatsky/Copyright 2025 The AP

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Ana is a university graduate who loves a heated debate, she’s very passionate about humanitarian issues and justice. In her free time you’ll probably catch her binge watching way too many TV shows or thinking about her next meal.

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