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U.S. Treasury Secretary Scott Bessent and Ukrainian First Deputy Prime Minister Yulia Svyrydenko sign a deal that will give the United States preferential access to new Ukrainian minerals deals and fund investment in Ukraine's reconstruction, in Washington, D.C., U.S., April 30, 2025, in this picture obtained from social media. Yulia Svyrydenko via Facebook/Reuters hide caption
toggle caption Yulia Svyrydenko via Facebook/ReutersKYIV — The United States and Ukraine have created a new reconstruction and investment fund that will give the U.S. access to Ukraine's reserves of critical minerals and natural resources.
The deal is also intended to give Ukraine tacit security guarantees, so the country can protect itself against future Russian aggression, and also help Ukraine rebuild and develop after defending itself from more than three years of Russia's full-scale war.
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Ukrainian Economy Minister Yulia Svyrydenko, who flew to Washington to sign the deal Wednesday, hailed the agreement as a way to attract global investment to Ukraine.
This version of the agreement "provides mutually beneficial conditions for both countries," she wrote on Facebook. "This is an agreement in which the United States notes its commitment to promoting long-term peace in Ukraine and recognizes the contribution that Ukraine has made to global security by giving up its nuclear arsenal." (She was referring to a U.S.-brokered arrangement, in the years that followed the 1991 breakup of the Soviet Union, that transferred nuclear warheads from Ukraine to Russia in exchange for international security guarantees.)