Ukraine and US Sign Minerals Deal: A Strategic Shift in Support for Kyiv
The United States and Ukraine have formally signed a minerals agreement, marking a significant shift in Washington’s approach to supporting Kyiv. This deal, described by the Trump administration as a new form of commitment, signals a strategic pivot towards economic and resource-based cooperation.
U.S. Treasury Secretary Scott Bessent Announces the Deal
US Treasury Secretary Scott Bessent announced the agreement, emphasizing that it signals a commitment to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. He stated, "Both sides’ commitment to lasting peace and prosperity in Ukraine. 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."
Ukrainian Prime Minister Denys Shmygal’s View
Ukrainian Prime Minister Denys Shmygal described the newly signed minerals agreement as good, equal, and beneficial. He later announced via Telegram that the two nations would jointly establish a Reconstruction Investment Fund, with equal 50 percent voting rights for both sides.
Ukraine’s Mineral Resources
Ukraine is believed to hold around 5% of the world’s total mineral and rare earth reserves, though much of this potential remains untapped. The country is also a major source of manganese and titanium and claims to hold the largest lithium deposits in Europe. Ukraine possesses roughly 20% of the world’s graphite, an essential component in electric vehicle batteries.
Conflict and Humanitarian Impact
More than three years into the war, Russia now occupies about 20% of Ukrainian territory, with the conflict having claimed tens of thousands of lives, including many civilians.
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Ukraine and US Sign Minerals Deal: A Strategic Shift in Support for Kyiv
The United States and Ukraine have formally signed a minerals agreement, marking a significant shift in Washington’s approach to supporting Kyiv. This deal, described by the Trump administration as a new form of commitment, signals a strategic pivot towards economic and resource-based cooperation.
U.S. Treasury Secretary Scott Bessent Announces the Deal
US Treasury Secretary Scott Bessent announced the agreement, emphasizing that it signals a commitment to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. He stated, "Both sides’ commitment to lasting peace and prosperity in Ukraine. 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."
Ukrainian Prime Minister Denys Shmygal’s View
Ukrainian Prime Minister Denys Shmygal described the newly signed minerals agreement as good, equal, and beneficial. He later announced via Telegram that the two nations would jointly establish a Reconstruction Investment Fund, with equal 50 percent voting rights for both sides.
Ukraine’s Mineral Resources
Ukraine is believed to hold around 5% of the world’s total mineral and rare earth reserves, though much of this potential remains untapped. The country is also a major source of manganese and titanium and claims to hold the largest lithium deposits in Europe. Ukraine possesses roughly 20% of the world’s graphite, an essential component in electric vehicle batteries.
Conflict and Humanitarian Impact
More than three years into the war, Russia now occupies about 20% of Ukrainian territory, with the conflict having claimed tens of thousands of lives, including many civilians.
Conclusion
The minerals agreement between the United States and Ukraine marks a strategic shift in Washington’s approach to supporting Kyiv. This deal, described by the Trump administration as a new form of commitment, signals a commitment to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. The agreement also marks a strategic pivot towards economic and resource-based cooperation, with Ukraine retaining full control over its subsoil, infrastructure, and natural resources. The deal is seen as a significant step towards rebuilding and stabilizing Ukraine, despite the ongoing conflict and the humanitarian impact of the war.
Reference : https://timesofindia.indiatimes.com/world/us/new-form-of-commitment-ukraine-us-sign-minerals-deal-after-two-month-delay/articleshow/120779608.cms
