Following a two-month delay, the US and Ukraine signed a formal minerals agreement on Wednesday, indicating a change in how Washington views defending Kyiv. Following the withdrawal of military support, the offer marked a proper transition toward resource- and economic-based cooperation, according to the Donald Trump administration.
” Both sides ‘ commitment to long-lasting peace and prosperity in Ukraine. As he announced the bargain, US Treasury Secretary Scott Bessent said it admonished the Trump administration’s commitment to a long-term peace approach centered on a free, royal, and rich Ukraine.
The recently signed minerals deal with the States was described by Ukrainian Prime Minister Denys Shmygal as “good, equitable, and beneficial.” Later, he made a eventually tweet announcing that both countries would set up a Reconstruction Investment Fund, with similar 50 percent of the vote for each side.
He claimed that Ukraine still had full control over its soil, system, and natural sources.
Volodymyr Zelenskyy, the president of Ukraine, was supposed to sign the minerals deal at the White House, but the deal was instantly abandoned following a heated exchange that led to his departure.
Although much of this potential is still untapped, with many important sites now under Russian control, Ukraine is thought to carry about 5 % of the country’s total nutrient and rare earth reserves. Ukraine is home to about 20 % of the world’s graphite, which is a crucial part of electric car chargers, according to France’s Bureau of Geological and Mining Research. The nation claims to have the largest lithium debris in Europe and is a major source of iron and metal.
Russia today occupies about 20 % of Ukrainian territory after more than three years of fighting, with the issue claiming tens of thousands of lives, many of which are citizens.
