The U.S. reportedly struck a deal with Ukraine Tuesday to jointly develop mineral extraction projects in the nation after weeks of negotiations, according to multiple sources.
The deal would establish a mutual fund that Ukraine would contribute 50% of revenues from state-owned mineral resources, including oil and gas, aimed at investing in extraction projects, according to multiple sources. The deal reportedly does not include explicit security guarantees from the U.S., but Ukrainian officials told the Financial Times that the deal is one of many that will strengthen U.S.-Ukraine bonds.
Ukrainian President Volodymyr Zelenskyy is set to travel to the White House for a signing ceremony Friday, according to Axios.
“The minerals agreement is only part of the picture. We have heard multiple times from the US administration that it’s part of a bigger picture,” Olha Stefanishyna,…
