Ukraine and US finally sign much-vaunted deal, but there's one glaring omission
Washington D.C.: On April 30, the US and Ukraine signed an agreement to establish the United States-Ukraine Reconstruction Investment Fund. According to the Treasury Department, the fund aims to accelerate Ukraine’s post-war recovery by fostering equal cooperation and leveraging the assets and expertise of both nations.
A pres release stated that the initiative recognized the "extensive financial and material support" provided by the American people since Russia’s full-scale invasion in 2022.
US Treasury Secretary Scott Bessent emphasized President Trump’s role, stating, “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.” He added that the agreement demonstrates America’s long-term commitment to Ukraine’s sovereignty and recovery while making clear that no party complicit in Russia’s aggression will benefit from reconstruction efforts.
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Ukraine’s First Deputy Prime Minister Yulia Svyrydenko, who signed the agreement, highlighted its central provisions on social media. She affirmed that Ukraine will retain full control over its natural resources, including those in territorial waters, and maintain ownership of its subsoil assets.
“The Fund is structured on a 50/50 basis,” Svyrydenko noted, emphasizing that neither country will dominate decision-making, ensuring equal partnership.
Though the agreement does not mention mineral stakes for the US, the Treasury acknowledged that the fund reflects gratitude for US support and is designed to attract global investment to rebuild Ukraine.