APRIL 30 2025

US, Ukraine sign economic deal after Trump presses Kyiv to pay back US for help in repelling Russia

The United States and Ukraine have signed a critical minerals deal, establishing the United States-Ukraine Reinvestment Fund. This agreement grants American access to Ukraine's significant mineral resources, including rare earth minerals, titanium, and uranium, in exchange for a measure of assurance regarding continued U.S. support for Kyiv. Treasury Secretary Scott Bessent stated the deal signals the Trump administration's commitment to a long-term, prosperous Ukraine and a peace process centered on its sovereignty. The agreement comes at a crucial juncture in the ongoing conflict, following previous near-misses on similar deals. Ukrainian officials, including Prime Minister Denys Shmyhal and Economy Minister Yulia Svyrydenko, have praised the pact as an equal and strategic partnership for investment and restoration. While the U.S. sought access to critical raw materials, Ukraine introduced provisions to ensure a more balanced agreement, which is set to last for 10 years. The deal's finalization occurred despite some last-minute discussions regarding its terms. Meanwhile, Russian President Vladimir Putin has expressed a desire for answers before committing to a ceasefire, while the U.N. reports a rise in Ukrainian civilian casualties, with attacks occurring daily.

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