Washington, D.C. | May 1, 2025 – The United States and Ukraine have officially signed a long-awaited agreement granting Washington access to Ukraine’s energy and mineral resources, in a move seen as a major step in Kyiv’s post-war recovery.
The deal was signed by U.S. Treasury Secretary Scott Bessent and Ukrainian First Deputy Prime Minister Yulia Svyrydenko, creating the U.S.-Ukraine Reconstruction Investment Fund, which will oversee joint projects in minerals, oil, and gas. The partnership will be managed on a 50:50 basis, with Ukraine retaining ownership of all resources.
“This deal will unlock Ukraine’s growth assets and accelerate global investment into the country,” said Bessent.
Ukraine is home to valuable reserves of graphite, lithium, and titanium, minerals vital to renewable energy, defense manufacturing, and high-tech industries. The U.S. views the agreement as a strategic move to reduce reliance on China, which currently controls over 90% of the world’s rare-earth supply.
The fund is also tied to future U.S. security assistance, including air defense systems, making the agreement a key part of Washington’s ongoing support to Kyiv since Russia’s full-scale invasion began in 2022.
Ukraine’s deputy prime minister emphasized that the deal “sends a strong signal” of international commitment to the country’s sovereignty and economic future.
The Kremlin has not issued an official response.
