US, Ukraine Sign Minerals Deal from Trump | Russia-Ukraine was news

Scott Bessent, Finance Minister of US Financing, says Pact is a signal that the United States supports a “free, sovereign and prospering Ukraine”.

The Ukraine and the United States have signed an agreement to grant Washington access to valuable rare minerals and to finance the reconstruction efforts in the country who was looking for by the war.

The two countries signed the Agreement in Washington, DC, on Wednesday after months of residence negotiations, with uncertainty until the last moment, after reports on suggestions from the 11th hour, existed to change the aspects of the deal.

After a spectacular explosive between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, the agreement achieved a breakthrough in the US Ukraine relationships after their meeting in February after the relationships reached a Nadir.

The US Finance Minister Scott Bessent announced the agreement and said that the creation of the United State Ukraine reconstruction fund was a signal for Russia that the Trump government is “committed to a peace process that is concentrated on a free, sovereign and flourishing Ukraine in the long term”.

“President Trump introduced this partnership between the American people and the Ukrainian people to show the commitment of the two sides for permanent peace and prosperity in Ukraine,” said Bessent in an explanation.

“And to be clear, no state or no person who has financed or delivered the Russian war machine can benefit from the reconstruction of Ukraine.”

The Trump administration did not provide any further details of the deal.

According to the Ukraine Ministry of Economic Affairs, the United States would contribute directly or through military support to the fund, and Kyiv would contribute 50 percent of the income from the exploitation of natural resources.

The ministry said that all resources of the fund were only invested in Ukraine in the first 10 years, whereupon “profits can be distributed between the partners”.

The United States and Ukraine have the same decision-making authority on the fund, said the Ministry, whereby the deal only covered the future US military aid and not in the past.

“We not only gain investments, but also a strategic partner who is committed to working with us in order to promote economic growth and innovation,” said Ukrainian Minister of Economic Affairs Yulia Svyrydenko in a statement.

“This agreement is the result of extensive negotiations, and I am grateful for the negotiation team for their professionalism and their commitment. Together we have developed a framework that is advantageous for both sides. It also reflects the commitment of the USA for permanent peace in Ukraine and the recognition of Ukraine's contribution to global security.”

In a telegram post shortly before the deal was signed, the Ukrainian Prime Minister Denys Shmygal said that the deal would leave Kyiv “full control over the surface, infrastructure and natural resources” and not impair the offer to join the European Union.

The Ukraine and the United States had planned to sign the agreement weeks ago, but a fiery collision between Trump and Zelenskyy in front of the news media of the world on February 28 derived the talks.

Common fund

As part of every deal, Ukraine has urged security guarantees to stop the three -year invasion of Russia.

The Trump government has argued that the increase in the US business interests in Ukraine will help to keep Russia from future aggression in the event of an armistice.

It was not clear whether on Wednesday that had to be ratified by the Ukrainian parliament to enter into force, contained security guarantees for Ukraine.

Ukraine has estimated that it contains about 5 percent of the global reserves of critical minerals that are used in the production of consumer electronics, electric vehicles and military hardware.

The country's deposits include reserves of 22 of the 34 minerals that were classified as critical by the EU.