Europe live: Kyiv ready to sign US minerals deal within 24 hours, Ukrainian PM says | Germany


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Ukraine expects to sign US minerals deal today, reports say

Ukraine expects to sign a much-anticipated minerals deal with the United States on Wednesday, a senior source in the Ukrainian presidency told AFP.

Deputy prime minister and economy minister Yulia Svyrydenko will be in Washington later to sign the agreement, the final draft of which the Ukrainian government “has yet to approve”, the source said, adding that the agreement provides for a “50/50” joint fund between Kyiv and Washington.

Reuters reminded that the two sides signed a memorandum on 18 April as an initial step towards clinching an accord on developing mineral resources in Ukraine.

Ukrainian first deputy prime and economy minister Yulia Svyrydenko.
Ukrainian first deputy prime and economy minister Yulia Svyrydenko. Photograph: Reuters

Ukrainian officials hope that signing the deal promoted by U.S. President Donald Trump will help to firm up softening American support for Kyiv in the war triggered by Russia’s full-scale invasion more than three years ago, Reuters added.

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Ukrainian prime minister Denis Shmyhal has offered his take on the US minerals deal, with Reuters reporting his comments that the reworked agreement has become a “real partnership deal”.

He said the deal is to be signed within the next 24 hours, with two additional agreements to follow.

Shmyhal added that the deal will have to be ratified by the Ukrainian parliament, with consultations set to start tomorrow, Reuters said.

He added that future US aid for Ukraine can be considered as part of US contribution to the investment fund to be established under the deal, according to Reuters.

Let’s wait for more details or, ideally, the full text of the deal though.

It is believed that the text has evolved significantly since the first attempt at signing it in February, which ended with that Oval Office spat between Trump, JD Vance and Zelenskyy.

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Posted: 2025-04-30 15:13:27

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