US and Ukraine Sign Minerals Deal
On April 30, the United States and Ukraine signed a minerals deal in Washington, ending a two-month delay. The agreement is seen as a new form of commitment by the Trump administration to Kyiv, replacing military aid. Ukraine secured full sovereignty over its rare earths during negotiations. Initially, Trump demanded Ukraine's mineral wealth as compensation for US weapons. Ukraine eventually accepted the deal to attract long-term US investment. Treasury Secretary Scott Bessent stated the agreement demonstrated both sides' commitment to lasting peace and prosperity in Ukraine. Prime Minister Denys Shmygal called the deal good, equal, and beneficial, announcing the establishment of a Reconstruction Investment Fund with Ukraine retaining full control over its natural resources. Economy Minister Yulia Svyrydenko said the deal would finance mineral, oil, and gas projects, as well as related infrastructure.