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Home » News » Ukraine and US sign memorandum on minerals deal, Kyiv says | Russia-Ukraine war News

Ukraine and US sign memorandum on minerals deal, Kyiv says | Russia-Ukraine war News

Jessica BrownBy Jessica Brown World
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Ukraine Offiical Yulia Svydenko did not publish details of the memorandum, says the work continues to ensure the final agreement.

Ukraine and the United States have signed a memorandum as an initial step towards closing an agreement on the development of minerals in the country, said the first Minister of Economy of Kyiv.

“We are pleased to announce the firm, with our US partners, or a memorandum of intent

kyiv and Washington had discussed signing an agreement on the extraction of the strategic minerals of Ukraine in February, but a clash between the president of the United States, Donald Trump, and the president of Ukraine, Volodymyr Zenskyy, temporarily derailed the work on the agreement.

Trump says that Hey wants the agreement, designed to give the United States royalty payments on the profits of Ukrainian mining of rare resources and minerals, such as compensation for the aid granted to Ukraine for his predecessor, Joe Biden.

Svydenko did not publish details of the memorandum, but said the work continued to ensure a final agreement.

“We hope that the fund will become an effective tool to attract investments in the reconstruction of our country, the modernization of infrastructure, support for business and the creation of new economic opportunities,” he said.

“There is much to do, but the current rhythm and significant progress give reasons to expect the document to be very beneficial for both countries.”

The Ukrainian delegation traveled to Washington at the end of last week by negotiations after the Trump administration offered a new more expansive agreement. The initial framework agreement that was agreed has never been signed.

“We have a mineral agreement, which I suppose will be signed on Thursday,” Trump told White House journalists before.

Zenskyy had also said before the two countries could sign a memorandum of online intention.

“This is a memorandum of intention. And we have positive and constructive intentions,” Zenskyy told journalists in kyiv.

He added that the sacrifice to sign the memorandum before the integral agreement, which would require ratification in the Ukrainian Parliament, had come from the side of the United States.

American officials say that promoting US commercial interests in Ukraine will help dissuade Russia from future aggression in case of high fire.

Kyiv is pressing for military and concrete security guarantees as part of any agreement to stop the three -year war.

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