Ukraine’s Economy Minister Yulia Svyrydenko announced that a newly signed memorandum of intent with the United States lays the groundwork for a future economic partnership agreement.
The memorandum, part of a broader plan, also envisions the creation of an investment fund to support Ukraine’s post-war reconstruction.
The Ukrainian government revealed the agreement’s framework, which aims to deepen economic ties between the two nations and give the U.S. access to Ukraine’s critical minerals, oil, and gas resources. Svyrydenko shared the news on X, posting photos of herself and U.S.
Treasury Secretary Scott Bessent signing the document separately via video call. She stated, “We are happy to announce the signing, with our American partners, of a Memorandum of Intent, which paves the way for an Economic Partnership Agreement and the establishment of the Investment Fund for the Reconstruction of Ukraine.”
Bessent confirmed that the memorandum reflects the terms previously discussed, referencing an 80-page agreement that could be finalized soon. U.S. officials hope the full accord will be completed by next week.
Negotiations had stalled temporarily after a public confrontation between former President Donald Trump and Ukrainian President Volodymyr Zelensky during a February White House meeting. Trump, however, alluded to the agreement in a press conference with Italian Prime Minister Giorgia Meloni, suggesting the final signing could occur the following Thursday.
The White House has not provided additional details on the timeline or contents of the agreement, according to reports. Reports suggest that the anticipated investment fund would be jointly managed by the U.S. and Ukraine on equal footing.
Zelensky had also hoped the deal would strengthen Ukraine’s case for a U.S. security guarantee in the event of a ceasefire with Russia.
