The White House announced a significant economic partnership with Ukraine, centered around the ownership and extraction of the nation’s natural resources. Treasury Secretary Scott Bessent outlined that the agreement, known as the United States-Ukraine Reconstruction Investment Fund, aims to facilitate U.S. investments in Ukraine, unlocking its economic assets to accelerate recovery following the ongoing conflict. Bessent emphasized the U.S. commitment to a peace process that supports a free and prosperous Ukraine, framing the partnership as a message to Russia regarding the long-term aspirations for the nation.
Bessent underscored that individuals or entities that have supported the Russian military will not benefit from Ukraine’s reconstruction efforts. Ukraine’s Economy Minister Yulia Svyrydenko clarified aspects of the minerals deal, stating that Ukraine retains ownership of its subsoil resources and that the Ukrainian government will make decisions on what and where to extract.
This partnership reflects a strategic move by the United States to support Ukraine’s sovereignty and economic resilience in the face of ongoing hostilities. The agreement signifies a commitment from both nations to work together toward achieving stability and prosperity in Ukraine post-conflict. The announcement points toward a broader international effort to assist Ukraine in its recovery and to promote peace in the region.
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