In a significant move, the U.S. and Ukraine have finalized an economic agreement aimed at establishing a reconstruction fund that grants the U.S. access to Ukrainian rare earth mineral resources.
Ukraine and U.S. Forge Economic Agreement to Access Rare Earth Minerals
Ukraine and U.S. Forge Economic Agreement to Access Rare Earth Minerals
The U.S.-Ukraine partnership promises reconstruction support amid ongoing conflict with Russia.
The pact was revealed on Wednesday and comes after extensive negotiations about continued U.S. military and economic aid to Ukraine as it seeks to end its protracted war with Russia. It signifies an implicit security arrangement for Ukraine while addressing concerns from the Trump administration, particularly regarding the nature of U.S. support.
"This agreement clearly demonstrates to Russia that the Trump administration is dedicated to a peace process focused on a free, independent, and thriving Ukraine in the long run,” stated Treasury Secretary Scott Bessent. The partnership embodies a commitment from both nations to sustain peace and prosperity in Ukraine.
Emphasizing a strict stance against those who have aligned with Russia, Bessent assured that “no state or individual that has funded or armed the Russian war effort will reap any benefits from Ukraine’s reconstruction.”
As discussions about the war’s ramifications continue, this agreement may play a pivotal role in shaping the future of U.S.-Ukraine relations.
Alan Rappeport, an economic policy reporter for The Times, specializes in covering the Treasury Department’s fiscal strategies.
Stay updated on the latest developments surrounding the Russia-Ukraine conflict and international relationships.
"This agreement clearly demonstrates to Russia that the Trump administration is dedicated to a peace process focused on a free, independent, and thriving Ukraine in the long run,” stated Treasury Secretary Scott Bessent. The partnership embodies a commitment from both nations to sustain peace and prosperity in Ukraine.
Emphasizing a strict stance against those who have aligned with Russia, Bessent assured that “no state or individual that has funded or armed the Russian war effort will reap any benefits from Ukraine’s reconstruction.”
As discussions about the war’s ramifications continue, this agreement may play a pivotal role in shaping the future of U.S.-Ukraine relations.
Alan Rappeport, an economic policy reporter for The Times, specializes in covering the Treasury Department’s fiscal strategies.
Stay updated on the latest developments surrounding the Russia-Ukraine conflict and international relationships.
