By Ukraine and the United States are preparing to sign a natural resources agreement aimed at deepening their economic ties, according to sources cited by Bloomberg.
The draft deal, reviewed by Bloomberg, outlines the formation of a joint investment fund aimed at boosting mining, energy, and related sectors in Ukraine.
Ukrainian Economy Minister Yulia Svyrydenko is reportedly travelling to Washington to finalise the deal, which could be signed as early as Wednesday.
Ukraine is ready to sign a natural resources deal with the US. The draft agreement has been finalized and may be signed as soon as Wednesday bloom.bg/4lUcrLO
The move comes amid renewed Russian offensives and heightened pressure on Ukraine to diversify its international support beyond military aid.
US-Ukraine fund to boost mining and energy sectors
The upcoming deal is expected to establish a dedicated fund jointly managed by US and Ukrainian officials.
The goal is to attract investment into Ukraine’s resource-rich sectors, especially critical minerals, mining infrastructure, and energy technology.
This fund will not account for the tens of billions of dollars in military assistance already provided by the US since Russia’s full-scale invasion in 2022.
Instead, only future military aid, post-signing, will count towards the American contribution to the fund.
This revision marks a significant concession by Washington, following Ukraine’s pushback against the earlier clause.
The draft also states that the initiative supports Kyiv’s goal of aligning more closely with the European Union’s economic and regulatory frameworks, a priority that has gained urgency as Ukraine seeks to advance its membership bid.
Washington to gain first claim on fund profits
According to documents seen by Bloomberg, the US will have the first claim on any profits generated by the investment fund.
While the structure remains under discussion, officials have agreed to Washington’s control over key disbursements and oversight functions.
This reflects concerns in the Biden administration, now led by President Trump, about ensuring accountability and measurable returns from any post-war reconstruction efforts.
#BREAKING Ukraine to sign a natural resources deal with US today, UA media report. Zelensky deputy in DC today ready to sign. Final “coordination of technical details” is underway sources say. But plenty of anxiety in #Ukraine on whether it’ll make country economic colony of USA
The two governments signed a memorandum of understanding in April that laid the groundwork for the new agreement.
Finalising the current deal would unlock further American investment and provide Ukraine with a stable framework to rebuild its energy and mineral production capacities.
Deal advances amid stalled peace talks and frontline attacks
The signing comes as peace talks between Ukraine and Russia remain at a standstill.
President Trump, according to White House Press Secretary Karoline Leavitt, has voiced frustration over the lack of progress.
He had reportedly hoped for a ceasefire agreement within his first 100 days in office.
Meanwhile, Russian military pressure has intensified in eastern Ukraine.
President Putin continues to insist on full control of four contested regions, undermining diplomatic overtures.
Ukrainian Prime Minister Denys Shmyhal confirmed on Sunday that earlier disagreements between the US and Ukraine had delayed the agreement but have now been resolved.
A previous attempt to finalise the deal was derailed by political clashes involving President Zelenskyy, former US President Donald Trump, and Vice President J.D. Vance.
With that phase behind them, both sides now appear aligned on a shared economic and strategic vision, anchored by this resource development pact.
Strategic partnership enters reconstruction phase
The natural resources deal is being promoted as part of a broader plan to “strengthen the strategic partnership” between Washington and Kyiv.
A section of the draft agreement highlights that the fund’s purpose is to aid the “long-term reconstruction and modernisation of Ukraine” following the destruction caused by Russia’s invasion.
Although the US Treasury Department declined to comment on the details, the latest signals from both governments suggest that the signing of the final document is imminent.
If concluded as expected, the deal will set the stage for a new chapter in Ukraine’s post-war recovery, one that focuses on economic resilience and energy independence.
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