US and Ukraine Sign Resource Deal
The US and Ukraine have signed a deal granting Washington access to some of Ukraine's natural resources. The agreement, months in the making, establishes an investment fund aimed at solidifying US assistance to Ukraine. Ukrainian Prime Minister Denys Shmyhal stated that the deal does not require Ukraine to repay any supposed debt. The agreement includes provisions for new oil and gas projects, with resources remaining under Ukrainian ownership but with joint US access. It also ensures that the deal will not hinder Ukraine's EU accession ambitions. For the first decade, profits from the investment fund will be fully reinvested in Ukraine's economy. US Treasury Secretary Scott Bessent noted that the deal signals to the American people an opportunity to participate and benefit from Ukraine's success. Ukrainian First Deputy Prime Minister Yulia Svyrydenko said the deal envisages future US military assistance, but the US retains the right to withdraw at any time.