Ukraine is poised to sign a significant mineral resources agreement with the United States in Washington on Wednesday, according to senior Ukrainian officials who spoke on condition of anonymity. Economy Minister Yulia Svyrydenko is currently in Washington to finalize the technical details of the agreement .
The deal, which includes a main agreement and at least two technical accords, aims to establish a joint investment fund to develop Ukraine’s vast mineral resources, including titanium, lithium, uranium, graphite, and manganese. These materials are crucial for various industries, including aerospace, battery technology, and nuclear energy.
The agreement is seen as a strategic move to bolster Ukraine’s economy and secure continued U.S. military support amid the ongoing conflict with Russia. President Trump has previously indicated that access to Ukraine’s rare earth elements is a condition for further U.S. support .
While the deal has faced challenges, including disagreements over the terms and conditions, both sides have worked to address concerns and finalize the agreement. Ukrainian officials have expressed optimism about the deal’s finalization, and the Cabinet is expected to approve the agreement’s text before the Washington meeting, after which it will be signed by an authorized government representative. The deal will then require ratification in the Ukrainian parliament before it can take effect .
The finalization of this agreement marks a significant step in strengthening the economic ties between Ukraine and the United States and could have long-term implications for both countries’ strategic interests.
