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Ukraine & U.S. Working on Minerals Investment Projects

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(Salem News Channel) Ukraine, US to scout for minerals deal investment projects
KYIV (Reuters) -Ukrainian officials and a team from the U.S. International Development Finance Corporation will carry out site visits to identify investment projects as part of Kyiv’s minerals deal with Washington, Ukraine’s economy minister said on Saturday.

Ukraine and the U.S. signed the deal, which had been heavily promoted by President Donald Trump, in April, giving the United States preferential access to new Ukrainian minerals projects in exchange for investment.

The agreement is seen by Kyiv as a way of securing U.S. financial help to revive its economy and infrastructure – both battered by the war ignited by Russia’s 2022 full-scale invasion – while ensuring continued U.S. support for Ukraine’s defence.

Ukraine’s Economy Minister Oleksiy Sobolev said the government was committed to advancing quickly to carry out the agreement and wanted to identify three pilot investment projects within the next 18 months. “Right now, there are site visits … from the U.S., and we are going to the regions tomorrow with them to look for an investment pipeline,” Sobolev told a conference attended by Ukrainian, U.S. and European officials in Kyiv.

The U.S. has been Ukraine’s single largest military donor as it battles Russian forces. But since his return to the White House this year, Trump has argued the U.S. should get something back for its aid to Kyiv.

Half the revenues the Ukrainian government earns from new mineral extraction under the deal would go to a joint investment fund with profits split between Kyiv and Washington.

Sobolev said that in addition to the minerals sector, where projects can be capital intensive with long implementation lead times, the U.S.-Ukraine fund would also invest in the energy sector and infrastructure.

Ukraine has deposits of 22 of the 34 minerals considered critical by the European Union for industries such as defence, high-tech appliances, and green energy. It also possesses ferro alloys needed by the steel industry, non-ferrous metals used in construction, and some precious metals and rare earth elements.
 
This Ukraine-U.S. minerals deal is a significant step toward strengthening both economic and strategic ties between the two countries. By giving the U.S. preferential access to Ukrainian mineral projects in exchange for investment, Kyiv is not only securing financial support to rebuild infrastructure but also ensuring continued backing for its defense efforts amid the ongoing conflict with Russia. The plan to identify three pilot projects within 18 months shows a clear commitment to moving quickly and creating a concrete investment pipeline.
What stands out is the scale of resources involved—Ukraine has deposits of 22 out of 34 EU-critical minerals, as well as ferro alloys, non-ferrous metals, and rare earth elements. This makes the country a potentially vital supplier for industries ranging from defense to green energy. The creation of a joint investment fund, where profits are split between Kyiv and Washington, also indicates a long-term partnership rather than a one-off financial transaction.
 
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