The United States and Ukraine have signed the agreement to create the United States-Ukraine Reconstruction Investment Fund, the long-awaited mineral agreement that grants the rights of the United States to the Ukrainian rare land, both parties announced on Wednesday.
Both parties were ready to sign the agreement on critical minerals and other resources, but the United States said it wanted the main mineral resources agreement signed and the creation of an investment fund document signed at the same time, said Ukrainian Prime Minister Denys Shmyhal and a source in the Ukrainian President’s office.
“The background will be replaced with contributions from the United States and Ukraine. The background profits will be reinveyed exclusively in Ukraine,” Shmyhal said in the position.
President Donald Trump welcomes the president of Ukraine, Volodymyr Zelenskyy, in the White House in Washington, on February 28, 2025.
I CURTIS/AP
Ukraine had planned to separate the signature dates, since the creation of the Fund agreement was still ending, added the source.
“Now they will hurry to finish it,” said the source.
On Wednesday earlier, Ukraine was ready to sign the mineral resources agreement, but he encountered a last minute problem when the United States requested to sign both the mineral resources agreement and the investment fund agreement at the same time, said a Ukrainian official to ABC News. The United States refuted this series of events in comments during the meeting of the cabinet of President Donald Trump on Wednesday, saying that he was “ready to sign” the agreement, but the Ukrainians decided on Tuesday night “make some last minute changes,” said Treasury Secretary Scott Bessent, at the cabinet meeting.
“Our side is ready to sign,” Besent said.
When asked what was changed, Besent said there has been “no change on our side.”
Trump then put the mineral resources agreement in “context”, talking about the amount of money that the United States has given to the war effort of Ukraine. But it seemed optimistic about the possibility of the agreement to join.
“But we haven’t seen the fruits of that deal yet. I suspect we will,” Trump said.
Trump and Ukrainian President Volodymyr Zelenskyy originally signed the mineral agreement at the end of February, but the plan was derailing after a tense time between the two men in the Oval office.
This is a development story. Consult the updates again.
