US-Ukraine Mineral Deal Latest News
U.S. President Donald Trump’s administration and Ukraine plan to sign the much-debated minerals deal following a disastrous Oval Office meeting.
About US-Ukraine Mineral Deal
- The US-Ukraine Mineral Deal is a bilateral agreement aimed at providing the United States access to Ukraine’s vast mineral reserves, particularly critical raw materials.
- The deal establishes a joint Reconstruction Investment Fund, managed equally by Kyiv and Washington, to support Ukraine’s post-war rebuilding efforts.
- Ukraine will contribute 50% of future revenues from its state-owned mineral resources, oil, and gas to the fund, which will then be reinvested in projects within Ukraine.
- The agreement aims to strengthen economic ties between the two nations and help the United States diversify its critical minerals supply chain, reducing dependence on China.
- However, the deal does not include explicit security guarantees for Ukraine, focusing primarily on economic cooperation and resource development.
Ukraine Mineral Reserves
- Ukraine possesses significant reserves of rare-earth minerals essential for various high-tech industries, including aerospace, defence, and renewable energy.
- According to data from the Ukrainian geologic survey, Ukraine possesses 5% of the world’s mineral resources, including 23 of the 50 materials deemed critical by the U.S. government.
US-Ukraine Mineral Deal FAQs
Q1: What is the primary objective of the US-Ukraine mineral deal?
Ans: To invest in and develop Ukraine’s natural resources, aiding economic recovery and stability.
Q2: How will the Reconstruction Investment Fund operate?
Ans: Co-managed by the US and Ukraine, it will allocate 50% of future revenues from state-owned resources to fund reconstruction and growth.
Q3: What are the strategic benefits for both countries?
Ans: Ukraine gains economic recovery, energy security, and tech growth, while the US secures critical minerals and strengthens regional ties.
Source: HT
Last updated on July, 2025
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