THE ART OF THE DEAL: U.S., Ukraine Sign Minerals Deal in Major Breakthrough for Peace Talks.
U.S. and Ukrainian officials have signed a long-anticipated deal that gives the U.S. access to Ukraine’s rare earth minerals in exchange for a promised security guarantee to protect Kyiv from future Russian aggression, signaling President Donald Trump’s commitment to ending the war.
The deal was signed Wednesday afternoon on Trump’s 100th day in office by Treasury Secretary Scott Bessent and Ukrainian Economy Minister Yulia Svyrydenko, as the latter visited Washington, D.C., to finalize the details. The Treasury Department confirmed the signed deal, called the United States-Ukraine Reconstruction Investment Fund.
“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine,” Bessent said in a statement. “And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”
The minerals deal grants the U.S. access to Ukraine’s natural resources, including aluminum, graphite, oil, and natural gas, according to Bloomberg. It also lays out details about the economic partnership between the U.S. and Ukraine.
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