US, Ukraine sign landmark mineral deal

The United States and Ukraine have signed a landmark investment agreement to develop Ukraine’s mineral sector, marking a significant step in economic recovery and strategic partnership, Khaama Press reported. Announced on April 30 by U.S. Treasury Secretary Scott Bessent, the deal aims to channel investments into Ukraine’s critical raw materials, including graphite, lithium, manganese, and titanium.

Ukrainian Prime Minister Denys Shmyhal confirmed that Ukraine will maintain full sovereignty over its underground resources and that all profits will be reinvested domestically. Crucially, Ukraine avoided any debt repayment obligations linked to previous U.S. military aid, ensuring control over the investment framework.

The agreement comes after months of delay and follows a temporary halt in U.S. military assistance. It reflects a strategic effort to reduce reliance on Russian and Chinese mineral supply chains while supporting Ukraine’s economic stabilization amid ongoing conflict.

With many mineral deposits in Russian-occupied territories, this deal underscores the importance of economic empowerment alongside diplomatic and military support in Ukraine’s reconstruction and sovereignty defense.