Ukrainian Okal Yulia Svyrydenko did not release details of the memorandum and said work continues to secure a final deal.
Ukraine and the United States have signed the memorandum as the first step towards signing an agreement on the development of domestic minerals, Kiev’s first deputy prime minister and economy minister said.
“We are pleased to announce our signing of the Memorandum of Understanding with our American partners, paving the way for the economic partnership agreement and the establishment of an investment fund to rebuild Ukraine,” wrote on social media platform X.
Kiev and Washington discussed signing a contract in February regarding the extraction of Ukrainian strategic minerals, but the clash between President Donald Trump and Ukrainian President Voldymir Zelenki temporarily derailed the contract work.
Trump says he wants a deal designed to provide U.S. royalty payments for Ukrainian resources and profits from rare minerals as compensation for the aid given to Ukraine by his predecessor, Joe Biden.
Svyrydenko did not release details of the memorandum, but said work will continue to work to secure a final agreement.
“We hope that this fund will be an effective tool to attract investment in rebuilding our country, modernizing our infrastructure, supporting our business and creating new economic opportunities,” she said.
“There’s a lot to do, but the current pace and great progress gives reasons to expect this document to be extremely beneficial to both countries.”
The Ukrainian delegation traveled to Washington last weekend after the Trump administration offered new, broader deals. The first framework agreement agreed upon has never been signed.
“We have a mineral contract, but I think it’ll be signed on Thursday,” Trump previously told White House reporters.
Zelenskyy also previously said that both countries could sign memorandum online.
“This is a memorandum of intention. And we have a positive and constructive intention,” Zelensky told reporters in Kiev.
He added that offers from the United States to sign a memorandum before a comprehensive deal that requires ratification in the Ukrainian Parliament.
US officials say boosting American business interests in Ukraine will help stop Russia from future attacks in the event of a ceasefire.
Kiev is seeking concrete military and security guarantees as part of a deal to stop the Three Years’ War.
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