Politics8/29/2025Bloomberg

Ukraine Says Minerals Deal With US Progressing ‘Nicely’

Ukraine Says Minerals Deal With US Progressing ‘Nicely’

Ukraine and the United States are making progress on a minerals deal that would give the US significant rights over natural resource projects in Ukraine. The deal involves the establishment of a fund, a condition set by the Trump administration for providing further support to Ukraine during the ongoing war. Ukraine's economy minister has stated that the deal is progressing "nicely" as both countries work to launch operations of the aforementioned fund. The agreement aims to bolster Ukraine's economy and secure US access to the country's valuable mineral resources, which could be crucial for the global supply chain. The negotiations between the two nations are seen as a strategic move to strengthen their partnership amidst the challenging circumstances faced by Ukraine due to the ongoing conflict.

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