Ukraine Says Minerals Deal With US Progressing ‘Nicely’

Aug. 29, 2025, 8:31 PM UTC

Ukraine’s deal to give the US sweeping rights to natural resources projects is advancing as both sides launch operations of a fund that the Trump administration demanded in return for further support for the war-torn country, Ukraine’s economy minister said.

“The fund is progressing very nicely,” Ukrainian Economy Minister Oleksii Sobolev told Bloomberg TV Friday while on a trip to the US.

Washington and Kyiv reached a deal in May that would grant the US privileged access to new investment projects to develop Ukraine’s natural resources, including aluminum, graphite, oil and natural gas. The administration of President Donald Trump has ...

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