The US and Ukraine have signed an agreement promoted by President Donald Trump, granting preferential access to Ukrainian mineral resources.
Agreement Overview
The accord, signed in Washington, involves the establishment of a joint investment fund for Ukraine’s reconstruction, allowing the US to access Ukrainian mineral resources. Ukrainian First Deputy Prime Minister Yulia Svyrydenko noted that the agreement enables Washington to contribute to the fund.
Historical Context
This agreement is a continuation of previous attempts to establish relations between the US and Ukraine. President Trump had suggested an exchange of access to mineral resources for support for Ukraine during its conflict with Russia. The signing was postponed in February due to disagreements, but the parties returned to negotiations.
Reactions and Consequences
Following the signing, the Federal Reserve Chairman noted that the agreement strengthens US support for Ukraine amid the war. However, explicit security guarantees for Ukraine were not outlined in the document, which remains a pertinent issue for Kyiv.
The agreement between the US and Ukraine is a significant step in strengthening economic ties and supporting Ukraine amidst the ongoing conflict.
