The United States and Ukraine announced on Wednesday that it had established a new reconstruction and investment fund, formalizing the economic agreement between the two countries, which aims to give the United States accrue the proceeds from Ukraine's rare earth mineral reserves.
The agreement sums up months of negotiations on whether the United States will continue to provide economic and military support to Ukraine as it tries to promote the end of the war with Russia. The economic agreement is designed to provide Ukraine with implicit security arrangements while addressing President Trump’s concerns about the U.S. providing blank checks for Kiev.
“This agreement clearly shows to Russia that the Trump administration has been centered on freedom, sovereignty and prosperous Ukraine for a long time,” Treasury Secretary Scott Bessent said in a statement. “President Trump envisions this partnership between the American people and the Ukrainian people to demonstrate their commitment to lasting peace and prosperity in Ukraine.”
“It is clear that states or people who do not fund or provide Russian war machine can benefit from the reconstruction of Ukraine,” he added.
