Historic US‑Ukraine partnership to spearhead economic revival
"I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine," announced U.S. Treasury Secretary Scott Bessent.
What do you need to know?
- Agreement between the USA and Ukraine: The United States and Ukraine signed an agreement to establish the American-Ukrainian Investment Fund for Reconstruction.
- Ukraine's Deputy Prime Minister on the agreement: "Full ownership and control remain with Ukraine. All resources on our territory and in our territorial waters belong to Ukraine."
- U.S. Treasury Secretary on the agreement: "No state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine."
The United States Department of the Treasury announced on Wednesday night Eastern Time (Thursday 05:00 GMT) the signing of the agreement with Ukraine to establish the American-Ukrainian Investment Fund for Reconstruction.
"In recognition of the significant financial and material support that the people of the United States have provided to the defense of Ukraine since Russia’s full-scale invasion, this economic partnership positions our two countries to work collaboratively and invest together to ensure that our mutual assets, talents, and capabilities can accelerate Ukraine’s economic recovery," reads the statement from the Department of the Treasury.
"The United States and Ukraine have signed an 'economic partnership agreement' that will give Washington access to Kyiv’s rare earth minerals in exchange for establishing an investment fund in Ukraine," comments CNN.
"On behalf of the Government of Ukraine, I signed the Agreement on the Establishment of a United States–Ukraine Reconstruction Investment Fund. Together with the United States, we are creating the Fund that will attract global investment into our country," informed Ukraine's Deputy Prime Minister Yulia Svyrydenko on social media.
"I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund," announced U.S. Treasury Secretary Scott Bessent.
"This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine," said Scott Bessent.
"And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine," he added.
