The US has signed a deal with Kyiv to share profits from the future sale of Ukraine’s mineral and energy reserves, after months of tense negotiations.
The deal aims to provide an economic incentive for the US to continue to invest in Ukraine’s defence and reconstruction – as well as to address Washington’s concerns over the amount of aid it has already contributed.
Ukraine is believed to have vast reserves of critical minerals like graphite, titanium and lithium. They are highly sought after because of their use in renewable energy, military technology and infrastructure.
US Treasury Secretary Scott Bessent said it showed both sides were committed to lasting peace and prosperity in Ukraine.
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