The US Treasury Department introduced Wednesday that the United States and Ukraine have signed the Ukraine crucial minerals deal settlement, establishing the US-Ukraine Reconstruction Investment Fund following months of difficult negotiations.
“On April 30, the United States and Ukraine signed an agreement to establish the United States-Ukraine Reconstruction Investment Fund,” the Treasury Department stated in an announcement.
The division famous that the financial partnership would permit the 2 nations to work collaboratively to speed up Ukraine’s financial restoration, underlining Washington’s “significant financial and material support” to Kyiv because the conflict with Russia started in 2022.
The Treasury Department and the US International Development Finance Corporation will work with Ukraine’s authorities to finalize program governance, in line with the announcement.
Treasury Secretary Scott Bessent praised President Donald Trump’s position within the settlement.
“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 agreement.”
“Both the United States and the Government of Ukraine look forward to quickly operationalizing this historic economic partnership for both the Ukrainian and American people,” the assertion stated.
AGREEMENT ENSURES SUCCESS FOR BOTH COUNTRIES: UKRAINIAN MINISTER
Ukraine’s Economy Minister Yulia Svyrydenko additionally confirmed the signing of the settlement. In a submit on Facebook, she thanked the leaders of the 2 nations and everybody who contributed to its realization.
“Now the document is one that can ensure success for both our countries – Ukraine and the United States,” she stated.
Under the settlement, a fund could be arrange with the US to draw worldwide funding, Svyrydenko stated.
She stated that Ukraine would retain possession of all assets in Ukrainian territory and territorial waters and that Kyiv would resolve what and the place to extract.
The fund is being created on a 50/50 foundation, which displays an equal partnership between two states, in line with Svyrydenko.
Source: www.anews.com.tr