State Department declares US-Ukraine minerals agreement ‘benefits both countries’
(MENAFN) The minerals agreement between the US and Ukraine, which grants the US access to Ukraine’s natural resources, is beneficial for both countries, according to State Department spokesperson Tammy Bruce. Speaking to Fox Business, Bruce praised the deal as "perfect," attributing its success to President Donald Trump’s business expertise.
The long-awaited agreement was signed on Wednesday, but its full text has not been released. Initial details suggest the deal includes a joint US-Ukraine investment fund that will receive a portion of the revenues from resource development, with Ukraine maintaining ownership of the resources. The deal is expected to help secure continued military and financial aid from the US for Ukraine, while granting the US access to Ukraine’s valuable mineral reserves, particularly rare-earth elements used in high-tech industries.
Bruce emphasized that the agreement benefits both nations greatly and noted that it was designed by Trump, making it a “perfect deal.” She described the deal as an investment in Ukraine, aimed at fostering a long-term economic partnership. Bruce also pointed out that the US presence in Ukraine would enhance the country’s security.
Although the deal is separate from ongoing US-Russia peace negotiations, Bruce mentioned that discussions on the peace talks are progressing, with Moscow and Kiev expected to submit proposals soon. The minerals deal has been in the works since Trump’s return to office, running alongside the broader peace efforts. The Trump administration has argued that the deal should compensate the US for previous aid to Ukraine, though Kiev insists the aid was unconditional.
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