Ukraine Ratifies Landmark Minerals Deal With the US
Ukraine’s parliament has ratified a landmark agreement with the United States that establishes a joint investment fund for mineral extraction and post-war reconstruction, The Gaze reports.
The decision passed with 338 votes in favor, cementing a new chapter in U.S.-Ukrainian economic cooperation.
The agreement, signed in Washington earlier this week, gives U.S. investors priority access to Ukrainian projects involving critical raw materials such as aluminum, graphite, oil, and natural gas.
Revenue from these ventures will be directed into a U.S.-Ukrainian Reconstruction Investment Fund to support Ukraine’s long-term recovery.
In presenting the legislation, First Deputy Prime Minister and Economy Minister Yulia Svyrydenkoemphasized that the agreement respects Ukraine’s sovereignty and legal framework.
“Ownership and control over natural resources remain entirely with Ukraine. All resources on our land and in territorial waters belong to the Ukrainian people, and national property is protected,” she told lawmakers.
Svyrydenko added that Ukraine will propose investment projects, enabling the government to align funding with national priorities. The deal also respects Ukraine’s EU accession goals and imposes no debt obligations on Kyiv.
According to the agreement, the United States will contribute both financially and through in-kind support — such as air defense systems — while Ukraine will allocate 50% of state revenues from new resource extraction licenses.
Investment decisions will be made jointly, and all funds will remain within Ukraine. For the first decade, profits will be reinvested exclusively in Ukrainian development.
The deal is also being seen as a political win for both governments, as Washington seeks to demonstrate ongoing foreign policy leadership amid heightened geopolitical tensions.
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