USA signs billion-dollar deal with Ukraine for rare minerals
The USA and Ukraine have signed an economic cooperation agreement. "We made a deal today where we get, you know, much more in theory, than the $350 billion," commented US President Donald Trump.
What do you need to know?
- What was signed? The USA and Ukraine have entered into an economic cooperation agreement that gives the USA access to Ukrainian rare earth minerals in exchange for the creation of an investment fund in Ukraine.
- "We made a deal today where we get, you know, much more in theory, than the $350 billion," commented US President Donald Trump.
- Why is it important? The agreement aims to strengthen Ukraine's economy and ensure the US has access to key raw materials.
What are the details of the mineral agreement?
The USA and Ukraine have signed an agreement to deepen economic cooperation between the two countries. This agreement guarantees the United States access to Ukrainian rare earth minerals, which are essential for many modern technologies. In exchange, the USA has committed to establishing an investment fund in Ukraine to support the nation's economic development.
"It's a signal to Russia that the USA is committed to peace based on a free and sovereign Ukraine," said US Treasury Secretary Scott Bessent.
Trump comments on the signing of the agreement
President Donald Trump commented on the agreement's signing, stating that the USA entered into it because "they wanted to be protected." He added that the deal could affect Russian President Vladimir Putin, though he did not elaborate on how.
"We made a deal today where we get, you know, much more in theory, than the $350 billion, but I wanted to be protected," said Donald Trump in an interview with NewsNation. "I didn’t want to be out there and look foolish," he added.
