US Treasury Secretary Scott Bessent and Ukrainian Economy Minister Yulia Svyrydenko sign a deal that gives the United States preferential access to Ukraine’s mineral resources.
U.S. Department of the Treasury/Reuters
The US and Ukraine are moving at breakneck speed to implement a new investment found.
Kyiv Post reports that it is part of a mineral deal promoted by President Donald Trump that is set to reshape the future off both countries.
New details released by the US Treasury provided a glimpse into the inaugural board meeting, revealing a partnership far more intertwined than initially understood.
Ukraine’s Prime Minister Yulia Svyrydenko, had on Wednesday announced the first board meeting of the US-Ukraine Reconstruction Investment Fund. She haled the deal as a critical lifeline for Kyiv’s war-torn economy.
A more detailed US treasury emerged on Friday laying bare the mechanics of the fund, which will grant Washington preferential access to Ukraine’s immense mineral wealth.
According to the Treasury Department readout, the board meeting histed by Treasury Secretary Scott Bessent, was highly productive. Both sides approved key measures to operationalize the fund, including appointing a board c hair and establishing committee charters.
This detail connects the two nations in an unprecedented way. It suggests a “something for something” idea \that links future US military aid directly to economic interests, a cornerstone of Trump’s foreign policy.
The minerals deal presents a high-stakes gamble for Kyiv. It trades a share of its vast natural resources for much-needed capital and a deeper security commitment from is most important military ally.
