US and Ukraine Forge Strategic Mineral Pact Amid Tensions

The US and Ukraine have reached a landmark agreement granting Washington access to Ukraine's critical minerals. The deal, pending ratification by Ukraine's parliament, aims to secure US support for Ukraine's defense against Russia. It includes a reconstruction fund to ensure continued American military assistance and resource development.

The United States and Ukraine sealed a pivotal agreement granting Washington access to Ukraine's critical minerals, as Kyiv aims to secure enduring support for its defense against Russian aggression.

Ukrainian officials touted the deal as more advantageous than previous iterations, emphasizing equal partnership and long-term cooperation. The agreement awaits ratification by Ukraine's parliament, and its full details remain undisclosed, though economic ministries offered some insights.

The deal is positioned as a strategic step to maintain US involvement in Ukraine's defense, with a reconstruction fund established to support ongoing military alliances. The agreement enables Ukraine to control resource extraction while creating opportunities for American and European investments in essential technologies. Rare earth elements, oil, and natural gas comprise key facets of this arrangement. Both countries are expected to manage the reconstruction fund jointly, fueling future development projects vital for Ukraine's economy and sovereignty.

(With inputs from agencies.)