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18-Apr-2025
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Ukraine, US sign memorandum, initial step towards minerals deal

AUTHOR:M.J. GDNUS

Ukraine and the United States signed a memorandum on Thursday as an initial step towards reaching an agreement on the development of Ukraine's critical mineral resources, said Yulia Sviridenko, First Deputy Prime Minister of Ukraine and Minister of Economy.

"We are pleased to announce the signing, with our American partners, of a memorandum of understanding, which paves the way for an economic partnership agreement and the establishment of an investment fund for the reconstruction of Ukraine," Sviridenko wrote on the X platform, N1 reports.

Recall, US President Donald Trump is seeking a bilateral minerals deal as part of his efforts to end the war.

Trump also sees the deal as a way to return billions of dollars that the US has spent on military aid to Ukraine.

Ukrainian President Volodymyr Zelensky said that the country will not recognize the military aid of the previous US administration as a loan.

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