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Local sources from Ukraine: tsn.ua, РБК-Україна.
UK coverage: Financial Times.

Ukraine and the United States are set to sign an agreement on natural resources, aiming to boost Ukraine’s mining industry and reduce its reliance on Russia. According to reports from tsn.ua and РБК-Україна, the signing of the agreement could take place as early as this week. The deal includes the establishment of a joint fund for investment projects, which will stimulate investment in the extraction of minerals, energy, and related technologies in Ukraine. The agreement is seen as a strategic move to counter Russia’s influence in the region and enhance Ukraine’s economic stability.

Prime Minister Denys Shmyhal announced that the agreement is equal and aims at joint investments in the development and restoration of Ukraine. He stated that the agreement will be signed in the near future, and Ukraine will take the first step towards its implementation. The government has already obtained all necessary approvals from key ministries and is technically ready to sign the agreement. After the signing, two additional technical agreements related to the creation and financing of the fund are planned.

This agreement strengthens the strategic partnership between the US and Ukraine, contributing to the long-term reconstruction and modernization of Ukraine after extensive destruction caused by Russia’s full-scale invasion. The US government’s efforts to strengthen ties with Ukraine and promote economic independence are evident in this move. By reducing Ukraine’s reliance on Russia for critical minerals, the agreement aims to enhance Ukraine’s economic stability and reduce Russia’s influence in the region. The signing of the agreement is highly anticipated and is expected to further strengthen the economic cooperation between Ukraine and the US.