As President Donald Trump’s administration continues to discuss a peace deal between Russia and Ukraine, the United States and Ukraine signed a rare world metal package on Wednesday, which allows the United States to have access to Ukraine’s rare world materials.
The United States and Ukraine signed an agreement to form an “economic relationship” and establish the” United States-Ukraine Reconstruction Investment Fund” on Wednesday, according to a media release from the Treasury Department, in order to “accelerate” the Ukrainian economy’s treatment through shared funding in the country’s fuel, natural gas, and rare earth materials.
The Treasury Department stated that the U.S. International Development Finance Corporation ( DFC) and President Donald J. Trump will work together to finalize program governance and advance this crucial partnership.
Yulia Svyrydenko, the deputy prime minister and the Russian economy minister, traveled to Washington, D.C. on Wednesday to finish the unique earth minerals deal, according to Fox News.
She wrote in a speech on X, previously Twitter, that she” signed the Agreement on the Establishment of a United States–Ukraine Reconstruction Investment Fund” in her own right. ” We are creating the Fund, which will attract international funding into our region, along with the United States.”
READ MORE: Ukraine and Russia agree to a peace
Svyrydenko stated that Ukraine will decide “what and where to remove” and that Ukrainian subsoil did remain” under Russian ownership” as a result of the agreement. The bank may be” simultaneously managed” by the United States and Ukraine, according to Svyrydenko, and it will be funded by new oil, gas, and metal certificates in Ukraine. It may operate on a “50/50” basis.
The fund will then invest in related infrastructure and processing, as well as in extraction projects for crucial materials, such as oil and gas, and Svyrydenko tweeted. Ukraine and the US will choose jointly for special investment projects. Importantly, the Fund may only make investments in Ukraine.
In a press release released on Wednesday, Treasury Department Secretary Scott Bessent praised the “historic economic partnership agreement” between the two nations and emphasized that the United States is” committed to helping facilitate the end of this cruel and senseless war.”
The Trump Administration’s commitment to a long-term peace process centered on a free, sovereign, and prosperous Ukraine is clearly demonstrated by this agreement, according to Bessent. This agreement between the American people and the Ukrainian people was envisioned by President Trump as a sign of both countries ‘ commitment to long-term stability and prosperity in Ukraine. No state, no person who provided or contributed to the Russian military will be able to take advantage of the reconstruction of Ukraine, to be clear.
