Washington: The United States and Ukraine will finally sign a more requested mineral rights agreement next week after months of negotiations, according to the officials of both countries.
President Trump announced in the Oval office on Thursday that an agreement had been reached, estimating that it would be formalized on April 24 in a place that will be determined later.
In a series of publications of X little notes of the morning, the Ukrainian Minister of Economy, Yulia Svyrydenko, announced that “there has been a new positive step in continuous progress with the United States on the Economic Association Agreement and the creation of an investment fund for the reconstruction of Ukraine.”
“Our technical teams have worked very well in the agreement, and there is significant progress. Our legal staff has adjusted several elements within the draft agreement,” added Svydenko “thanks to the negotiators.”
“Now we have agreed with the American side registering this progress in the relevant memorandum of intention. We are preparing to complete the formalization of the agreement in the near future.”
Ukraine has large deposits of more than 20 minerals that the United States demanded critics, including titanium, lithium and uranium, all of which are necessary for American military, energy and nuclear energy sectors.
A mineral agreement was almost signed on February 28, the visit of Ukrainian President Volodymyr Zelensky to the White House, but the agreement was tasks of letters outside the table after an explosive argument between Trump, Zensky and vice president JD Vance in front of the reporters in the Oval office.
The hero of the terms of that agreement that Ukraine would assign 50% of the future income generated from key national assets, including minerals, hydrocarbons, oil, natural gas and other resources, to a joint fund.
While the details about the New Deal were scarce on Thursday, the United States Treasury Secretary Scott Besent said the new agreement is “substantially what we previously aged.”
Zensky, 47, has repeated the will to sign a framework agreement, provided that a previously targeted military aid is not considered. The association is partly designed to help win Trump’s favor and revitalize US support against Russian invasion.
The Trump administration has turned mineral security into a key objective in recent months, following possible agreements in Greenland and the Democratic Republic of the Congo as the main Chinese adversary has a great advantage in access to rare earth minerals.
The agreement could also work to help Ukraine to restore their economy once Russia finally ends its assault on the country.