Ukraine has signed a deal with the United States, giving the U.S. access to Ukraine's rare minerals as it continues to work with the Trump administration in an effort to end its three-year war with Russia.
Ukrainian Economy Minister and Deputy Prime Minister Yulia Svyrydenko flew to Washington, D.C., Wednesday to help finalize the deal.
"On behalf of the Government of Ukraine, I signed the Agreement on the Establishment of a United States–Ukraine Reconstruction Investment Fund. Together with the United States, we are creating the Fund that will attract global investment into our country," she wrote on X.
Upon taking office, President Donald Trump said he wanted Ukraine’s rare earth materials as a condition for continued U.S. support in the war. He described it as reimbursement for the billions of dollars of U.S. military assistance given to Ukraine.
Discussions about a possible deal stalled after a combative meeting between Trump administration officials and Ukrainian President Volodymyr Zelenskyy in the Oval Office.
The agreement will establish the United States-Ukraine Reconstruction Investment Fund to help accelerate Ukraine’s economic recovery, Treasury Secretary Scott Bessent said.