The authorities of Ukraine have announced the signing of a joint memo with the administration of Donald Trump with a view to advancing in the United States access agreement to the natural and mineral resources of the European country.
“We are pleased to announce the firm, with our American partners, of a memorandum of intentions, which paves the way for an economic association agreement and the establishment of the Investment Fund for the reconstruction of Ukraine,” said the Vice Prime Minister and head of Ukrainian Economics, Yulia Sviridenko.
As pointed out in its social network X, the Ukraine government “expects” this fund to attract “investments” for the reconstruction of the country, “the modernization of infrastructure, support for companies and the creation of new economic opportunities.”
“It is very important that the document highlights the desire of the American people to invest together with the Ukrainian people in a free, sovereign and safe Ukraine,” he added, before underlining “the professional work of negotiating teams, which recently completed another round of technical discussions in Washington.”
In allusion to the agreement on rare earths in particular, he said that “there is still much to do” before finishing the text and signing it, “and then be ratified by parliaments”
“Meanwhile, we continue working in the agreement itself. (…) The current rhythm and the important advances allow to expect the document to be very beneficial for both countries,” he defended.
Hours before, the president of Ukraine, Volodimir Zelenski, has been confident that kyiv can sign the mineral agreement with the United States this Thursday, while he has described as “constructive” and “positive” the dialogue on La Paz in his country that has been carried out in the capital of France, Paris, between the Delegation of the United States-ordered by the Secretary of State, Marco Rubio Ukraine.
Establishment of an investment fund
The memorandum, finally published this morning, is especially aimed at establishing an investment fund for postwar reconstruction that anticipates April 26 as the date for the conclusion of the conversations and hypothetical signing of the pact.
The document, published by the Ukrainian government on its website, declares that the United States and Ukraine “intends to establish an investment fund for reconstruction as part of an economic association between the two peoples and governments” and clarifies that Ukraine intends to “avoid conflicts in the drafting of the agreement with the obligations of Ukraine by virtue Officers “
The memorandum also announces that the Prime Minister of Ukraine, Denis Shmigal, will visit Washington DC the week of April 21 to meet with the Secretary of the United States Treasury, Scott Besent-one of the signatories of the document with Minister Sviridenko-with a view to “the conclusion of the technical conversations on the terms of the agreement.”
“The negotiating teams are expected to report the progress before April 26, 2025, with the aim of concluding the conversations for that date and sign it as soon as possible,” adds the document.
This “Memorandum of Intentions” will serve, concludes the text to end the necessary requirements of the agreement that “will forge an economic association between the American and Ukrainian peoples and establish an investment fund for reconstruction.”
