The U.S. will also contribute to the fund through “direct financial contributions” and through military assistance to Ukraine, Svyrydenko said in a post announcing the deal had been signed, also noting “It is the Ukrainian state that determines what and where to extract.” The Treasury Department said in a statement the fund is 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” and will help “accelerate Ukraine’s economic recovery.” The agreement appears to be similar to the original deal that was set to be signed in February and indicated Ukraine would put 50% of the proceeds from its state-owned mineral resources into a fund that would be jointly owned with the U.S., and there were not security guarantees outlined for Ukraine, the BBC reported. The deal originated after President Donald Trump indicated Ukraine could give the U.S. access to its minerals in return for U.S. support of Ukraine in its ongoing war with Russia and described the potential agreement as a reimbursement for the U.S.’ aid, the Associated Press reported. Trump has also faced criticism for seeming to side with Russia and President Vladimir Putin, though he recently has been more critical of Putin, suggesting on social media Saturday Putin “doesn’t want to stop the war, he’s just tapping me along, and has to be dealt with differently.” During his campaign, Trump said he could end the war on his first day in office—though in a recent interview ahead of his 100th day in office, Trump said he made the comment “figuratively, and I said that as an exaggeration.” Trump and Zelenskyy had not publicly met since their blow up in February until this most recent weekend, when the pair sat down to talk at the funeral of Pope Francis.
Author: Molly Bohannon, Forbes Staff, Molly Bohannon, Forbes Staff https://www.forbes.com/sites/mollybohannon/
Published at: 2025-04-30 22:47:13
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