Ukraine, US Claim Progress on Critical Minerals Deal

Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko announced “substantial progress” in talks with the US on a critical minerals’ deal.

The talks have made strides – particularly in terms of economic partnership, and the creation of an investment fund for Ukraine’s reconstruction, Svyrydenko said in a Facebook post on Wednesday, April 16.

“Our technical teams have worked thoroughly together on the agreement — there’s been substantial progress. The legal teams made the right emphases in the draft, and I thank the negotiators on both sides,” she wrote.

Svyrydenko said that following the signing of a memorandum of understanding, both sides would continue to coordinate on specific points of the agreement, although most provisions have already been finalized.

She said that a lot has been worked out and the level of agreement should be “quite high.”

According to Svyrydenko, once the document is finalized, it will require ratification by the Verkhovna Rada (Ukraine’s parliament).

The agreement is aimed at creating favorable conditions for attracting US investment, supporting Ukraine’s development, and fostering economic growth for both countries.

“The agreement will enable investment and development in Ukraine, while also ensuring tangible economic growth for both Ukraine and the United States,” Svyrydenko said.

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