Quote:Treasury Secretary Scott Bessent on Wednesday announced that the United States and Ukraine have signed the long-anticipated minerals deal through the creation of a reconstruction investment fund.


The two countries have been trying to work out the deal since February, which would give the U.S. access to mineral riches in Ukraine in exchange for funding the country during its war with Russia. 

Bessent said the economic partnership positions the two countries to work collaboratively to ensure mutual assets, talents, and capabilities can speed up Ukraine’s economic recovery.

“Thanks to President Trump’s tireless efforts to secure a lasting peace, I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund,” Bessent said in a statement. 

“As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war," he continued. "This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term."