CV NEWS FEED // The White House announced Wednesday evening that the US has officially signed a long-anticipated agreement with Ukraine, establishing a joint investment fund focused on natural resource development and reconstruction.
Treasury Secretary Scott Bessent confirmed the deal in a press release, describing it as a breakthrough partnership that will allow the US “to invest alongside Ukraine” in the country’s rich mineral sector.
“As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war,” Bessent stated. “This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term.”
He also stressed that those complicit in Russia’s war effort would be excluded from any future benefits, calling the agreement “a partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine.”
Ukrainian economy minister, Yulia Svyrydenko, confirmed the deal on X.
On behalf of the Government of Ukraine, I signed the Agreement on the Establishment of a United States–Ukraine Reconstruction Investment Fund.
— Yulia Svyrydenko (@Svyrydenko_Y) April 30, 2025
Together with the United States, we are creating the Fund that will attract global investment into our country. pic.twitter.com/8ryyAMqW83
“On behalf of the Government of Ukraine, I signed the Agreement on the Establishment of a United States–Ukraine Reconstruction Investment Fund,” she wrote. “Together with the United States, we are creating the Fund that will attract global investment into our country.”
Just hours earlier, Ukrainian Prime Minister Denys Shmyhal previewed the deal, indicating that the fund would be jointly managed with equal contributions from both nations.
“This is truly an equal and good international deal on joint investment in the development and restoration of Ukraine between the governments of the United States and Ukraine,” he said on Ukrainian television.
In a video posted to X, Bessent further highlighted the long-term scope of the agreement.
“This partnership allows the United States to invest alongside Ukraine to unlock Ukraine’s growth assets, mobilize American talent, capital and governance standards that will improve Ukraine’s investment climate and accelerate Ukraine’s economic recovery,” he said in the video.
Plans to sign the mineral deal were originally slated for late February but were unexpectedly delayed following a tense Oval Office meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy.
Soon after the meeting, Zelenskyy reversed course, announcing he was “ready to work under President Trump’s strong leadership to get a peace that lasts.”
“Regarding the agreement on minerals and security, Ukraine is ready to sign it in any time and in any convenient format,” he said at the time.