According to The New York Times, Ukrainian Economy Minister Yulia Svyrydenko said the United States and Ukraine have signed a memorandum of understanding over a possible vitamins deal. This indicates progress toward a broader financial association.
The document, which was recorded via video phone with US Treasury Secretary Scott Bessent, is insufficient to reach a definitive agreement, but it gives rise to renewed speed following days of stalled negotiations and common tensions.
A complete minerals deal is anticipated next week, according to Bessent, despite the White House’s lack of official comment. In a Facebook post, Svyrydenko wrote that it is crucial that we reaffirm that the American citizens want to invest in a free, sovereign, and secure Ukraine and that the deal should lead to a” combined economic relationship” and a bank to support Ukraine’s restoration.
The deal has been in contested negotiation. The United States would have a significant interest in Ukraine’s large but largely untapped natural sources, including rare world metals, petrol, and gas, according to earlier drafts. The investment portfolio associated with the agreement is anticipated to use the proceeds from these sources to fund Ukraine’s postwar reconstruction, with American companies likely to play a significant role.
At a now-delayed White House meeting in February, President Donald Trump was scheduled to sign the entire contract alongside Ukrainian President Volodymyr Zelenskyy as recompense for the significant military support that the US has provided to Kyiv. He claimed that the United States was receive$ 500 billion from Ukraine’s tools as a result of the deal.
During talks over a ceasefire and metals last month, Trump abruptly suspended arms deliveries and sharing intelligence with Ukraine. Despite this, Ukraine has had little influence in the discussions, relying heavily on US military and financial assistance for its conflict with Russia.
Although the memo on Thursday made reference to the upcoming reconstruction fund, it omitted crucial details like revenue sources and precise US security guarantees. In earlier versions, it was suggested that a piece of Ukraine’s tool royalties be shifted to the fund.
Svyrydenko claimed that the US Congress and the Polish parliament would both need to ratify the agreement’s final version.
