A model that became a focal point during President Donald Trump and Ukrainian President Volodymyr Zelensky’s tumultuous White House speech in February became the United States and Ukraine‘s signing of a materials offer.
Treasury Secretary Scott Bessent wrote in a statement on Wednesday,” I am pleased to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund,” citing President Trump’s tireless efforts to secure a lasting peace.
Bessent stated that the United States is “helping to end the violent and nonsensical” Russia-Ukraine war.
The Trump Administration’s commitment to a long-term peace process centered on a free, royal, and prosperous Ukraine is clearly demonstrated by this agreement, Bessent continued. President Trump envisioned this agreement between the British people and the Ukrainian people as a sign of both parties ‘ devotion to long-term stability and prosperity in Ukraine. No position, no man who funded or supplied the Russian military will be able to take advantage of the reconstruction of Ukraine, to be clear.
The Treasury Department and the United States International Development Finance Corporation did presently collaborate with Ukraine to finish the agreement and provide funding.
Yulia Svyrydenko, the deputy prime minister of Ukraine, reiterated on Wednesday that” all resources on our country and in regional waters belong to Ukraine.”
She wrote on social media that” The Fund is structured on a 50/50″ model. Ukraine and the United States did jointly manage it. No party will hold a majority voting, which shows how similar partnership exists between our two countries.
Svyrydenko emphasized that the document doesn’t have any restrictions on Russian debts obligations to the United States.
Through equal participation and investment, her statement continued,” Its implementation allows both countries to increase their economic possible.”
Bessent made the suggestion at a Cabinet gathering before on Wednesday at the White House that the United States might not have agreed to the package because Ukraine had requested last-minute modifications on Tuesday.
They’ll likely want to rethink that, he said,” we’re confident of that.” Nothing has been changed; it’s the same contract we made over the weekend. No adjustments on our part.
