Ukraine and the United States plan to sign a long-awaited minerals deal Wednesday, a top official in Kyiv with direct knowledge of the talks told POLITICO.
Kyiv and Washington have been negotiating for months on an agreement, which would see the U.S. develop Ukraine’s vast natural resources, including critical elements and minerals vital to manufacturing modern technologies, and contribute to a reconstruction fund for Ukraine.
President Donald Trump has previously described such a deal as reimbursement for the billions of dollars in American aid funneled to Ukraine since Russia launched its full-scale invasion in 2022.
Deputy Prime Minister Yulia Svyrydenko traveled to Washington on Wednesday to ink the agreement. The terms of the deal include assurances that Ukraine will not need to pay back prior aid as debt and that the U.S. will contribute to a reconstruction fund.
