Ukraine, U.S. to Launch Three Mineral Projects Under New Investment Deal
Ukraine and the United States are set to kick off three major mineral extraction projects within the next 18 months as part of a landmark bilateral agreement aimed at boosting subsoil development and economic cooperation.
The Gaze reports this, referring to a post by Ukrainian Prime Minister Yuliia Svyrydenko following a virtual meeting on August 5 with U.S. Secretary of the Treasury Scott Bessent.
The projects fall under a broader framework of investment agreements between the two countries, focused on leveraging Ukraine’s vast mineral potential.
“Our goal is to begin the first three mineral development projects within a year and a half. We are also working to enable the fund to support defense-related initiatives,” Svyrydenko wrote.
In her statement, Svyrydenko noted that the two governments are also finalizing preparations for the launch of the U.S.-Ukraine Reconstruction Investment Fund.
The fund's first board meeting is expected in September and may expand its mandate to include investments in Ukraine’s defense sector.
The meeting further touched on strengthening bilateral cooperation in defense production and exports, including the manufacturing of Ukrainian drones and potential procurement of U.S. defense equipment.
This follows up on President Volodymyr Zelenskyy’s recent proposal for a strategic defense agreement with Washington.
Another key topic was the coordination of efforts to tighten sanctions pressure on Russia and to deepen engagement with international financial institutions.
One of the anticipated flagship projects involves the Dobra lithium deposit, one of Ukraine’s largest. The site is currently being prepared for private investment and could become the first venture launched under the U.S.-Ukraine mineral development deal signed earlier this year.
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